A G Reveals Rm66 87m In Govt Investment Dividends Went Into Development Fund In 2019 Deviating From Norm


 
Auditor-General Datuk Nik Azman Nik Abdul Majid speaks during a press conference at the National Audit Department headquarters in Putrajaya August 24, 2020. — Picture by Yusof Mat IsaKUALA LUMPUR, Nov 6 — As much as RM66.87 million in dividends from government investments was placed in its development fund instead of the consolidated revenue account, the Auditor-General (A-G) said today.
The A-G said this was not in line with normal practices and differed to how the 2018 dividends were accounted for.
“Our audit analysis found RM66.87 million worth of dividends from seven companies was accounted into the Kumpulan Wang Pembangunan [development funds]. 
“This method of accounting is not in line with the Treasury circular. It is also not consistent with the accounting methods in 2018 where these monies were accounted for in the government’s consolidated revenue account,” the A-G said in the Report on the Federal Government’s Financial Statement for 2019 released publicly today.
The report said Parliament’s Public Accounts Committee (PAC) had responded to this issue on July 14 when the matter was raised to its attention.
Citing Section 2(d) of the Development Funds Act 1966, the PAC asserted that the law allowed dividends to be allocated into the development fund, noting the provision said “moneys received from the sale or realisation of any asset paid for out of the Fund”.
However, the A-G disputed the PAC argument. 
In its report today, the A-G said receipts of dividends are not the same as selling shares in a company, adding that the money should be put into the consolidated revenue account.
The federal government’s source of income comes from taxes, non-tax revenue, non-revenue receipts and receipts from the Federal Territories. 
In 2019, the government earned RM264.4 billion, an increase of RM31.5 billion or 13.5 per cent compared to 2018’s total of RM232.9 billion. 
The government’s main source of income came from taxes totalling RM180.6 billion while non-revenue taxes consisting of interest from investments totalled RM60.1 billion. 
This was more than 2018’s RM31.9 billion and the reason for this was due to a RM54 billion dividend from Petronas.
From this total RM30 billion were special dividends specifically for the repayment of income taxes. - malaymail


Artikel ini hanyalah simpanan cache dari url asal penulis yang berkebarangkalian sudah terlalu lama atau sudah dibuang :

http://malaysiansmustknowthetruth.blogspot.com/2020/11/a-g-reveals-rm6687m-in-govt-investment.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+MalaysiansMustKnowTheTruth+%28Malaysians+M

Kempen Promosi dan Iklan
Kami memerlukan jasa baik anda untuk menyokong kempen pengiklanan dalam website kami. Serba sedikit anda telah membantu kami untuk mengekalkan servis percuma aggregating ini kepada semua.

Anda juga boleh memberikan sumbangan anda kepada kami dengan menghubungi kami di sini
Umno Youth Calls On Govt To Allow Epf Withdrawals From Account 1

Umno Youth Calls On Govt To Allow Epf Withdrawals From Account 1

papar berkaitan - pada 31/10/2020 - jumlah : 254 hits
Umno Youth has urged the government to reconsider its resistance to allowing people to withdraw their savings from the Employees Provident Fund Account 1 Umno Youth chief Asyraf Wajdi Dusuki said this is to ease financial difficulties in th...
Govt Still Saddled With Over Rm14 Billion Debts Inherited From Najib Era

Govt Still Saddled With Over Rm14 Billion Debts Inherited From Najib Era

papar berkaitan - pada 11/11/2020 - jumlah : 288 hits
Putrajaya remains saddled with some RM14 6 billion in various debts inherited from the Najib Razak administration even as the former leader joins opposition MPs in criticising the government s latest budget as insufficient to help the peopl...
Get More From Term Paper Writing Services

Get More From Term Paper Writing Services

papar berkaitan - pada 10/11/2020 - jumlah : 424 hits
Term paper writing services can be a terrific aid for any student However just how much use can these services be What can they do to help you in your education Some of the best features of these services are A nice and knowledgeable writer...
Nsc To Discuss Matter Of Working From Home In Non Cmco Areas Tomorrow Says Ismail Sabri

Nsc To Discuss Matter Of Working From Home In Non Cmco Areas Tomorrow Says Ismail Sabri

papar berkaitan - pada 10/11/2020 - jumlah : 312 hits
A man works from the comfort of home during phase three of the movement control order in Shah Alam April 15 2020 Picture by Miera ZulyanaKUALA LUMPUR Nov 9 The National Security Council will discuss whether employees in states unaffected by...
Refrain From Panic Buying As It Can Increase Covid 19 Transmission

Refrain From Panic Buying As It Can Increase Covid 19 Transmission

papar berkaitan - pada 10/11/2020 - jumlah : 226 hits
Health director general Tan Sri Dr Noor Hisham Abdullah said panic buying was also unnecessary since all economic activities will continue as usual during the Conditional Movement Control Order period Bernama File PixPUTRAJAYA Those prepari...
Less Privileged Receive Aid From Raja Zarith Sofiah Foundation

Less Privileged Receive Aid From Raja Zarith Sofiah Foundation

papar berkaitan - pada 11/11/2020 - jumlah : 377 hits
Raja Permaisuri Johor Raja Zarith Sofiah Sultan Idris Shah during her meeting with Malaysian Red Crescent Officials at Istana Bukit Serene Pic courtesy of the Royal Press OfficeJOHOR BARU The Raja Zarith Sofiah foundation in Johor is moving...
Hindus In Penang Can Hold Temple Prayers From 5am 10pm On Deepavali

Hindus In Penang Can Hold Temple Prayers From 5am 10pm On Deepavali

papar berkaitan - pada 11/11/2020 - jumlah : 284 hits
In conjunction with the Deepavali festival which falls on Nov 14 Hindus are allowed to hold temple prayers from 5 am to 10 pm on that day Penang Social Development and Non Islamic Religious Affairs Committee chairman Chong Eng said prayers ...
Work From Hotel Di Pulai Springs Resort Johor Bahru

Work From Hotel Di Pulai Springs Resort Johor Bahru

papar berkaitan - pada 11/11/2020 - jumlah : 557 hits
Work From Hotel di Pulai Springs Resort Johor Bahru Kalau korang dah penat nak Work From Home apa kata korang ubah angin tukar kepada Work From Hotel Pulai Springs Resort Johor Bahru menawarkan pakej Work From Hotel hanya RM55 nett dan RM85...
Public Sector Work From Home Policy Extended To All States

Public Sector Work From Home Policy Extended To All States

papar berkaitan - pada 11/11/2020 - jumlah : 262 hits
The work from home policy for the public sector has been extended to all states following the closure of schools nationwide Senior Minister Ismail Sabri Yaakob said the closure of all schools in the country had left parents with young child...
Optimal Iron Filtration For Well Water A Guide To Clean Water

Rethink Strategy To Increase Organ Donation Rate

Senarai Terkini Universiti Terbaik Malaysia 2025

Corn Seller Goes Viral For Racist Notice Sorry Ini Jagung Tiada Jual Sama Orang Keling

Our Soft Offer

Mau Ngembangin Brand Biar Makin Cuan Saatnya Pakai Pendekatan Digital Campaign

Lelaki Misteri Pujuk Singa Terlepas Pulang Ke Kandang

Spm 2025 Trial Paper Questions Answers


echo '';
Siti Saleha Kahwin Ini Biodata Suami Barunya Joshua Fitton

Senarai Keputusan Pemenang AJL 2025 Anugerah Juara Lagu 39 Live Di TV3 Dan Tonton

AJL 2025 Senarai Finalis Tarikh Cara Undi Hadiah Tiket Dan Segala Info Live Di TV3 Dan Tonton Anugerah Juara Lagu 39

Info Dan Sinopsis Filem Perayaan Mati Rasa 2025 Adaptasi Lirik Lagu Berjudul Sama Kini Di Pawagam Malaysia

Info Dan Sinopsis Filem Sumala 2024 Adaptasi Kisah Nyata Dari Kabupaten Semarang Kini Di Platform Online Netflix Malaysia


Lawatan Penyelidik Universiti Sains Islam Malaysia Ke Center Of Technology Politeknik Ungku Omar Ipoh

Singgah Lunch Di Kafe Olla Janda Baik

Gambaran Suit Power Rangers X Digimon Adventure Bergabung Meletop

Ipang Sahabat Kecil Chord

Lyla Kamu Cantik Kamu Baik Chord

Isuzu Is Set To Build New Facility In The United States For 280 Million