The Auditor-General’s 2010 Report

RM819m revival of Queen Elizabeth Hospital, Kota Kinabalu delayed by up to 793 days as at end '10. No penalties

In addition to RM407b in Federal Govt Debt, the Govt has given RM96.9b in debt guarantees or contingent liabilities

Agriculture Ministry owes paddy farmers RM110.7m since 2007 for Skim Insentif Peningkatan Hasil Padi

RM18.7m early warning system with 3 tsunami buoys in Nov '05. Buoy 1 missing 2010, Buoy 2 missing 2006, Buoy 3 still in storeroom

RM141.8m Satellite RazakSAT launched in 2009 still defective; images doesn’t meet 1km radius - off target by as far as 37km

RM67.7m worth of hi-tech equipment delivered to National Space Centre since 2008 still in original packaging

RM770k project to supply rural electricity to 17 houses in Indera Mahkota, Pahang. Auditors site visit found only 1 house

Education Ministry RM6.2 projects to build computer labs for 8 Smart Schools awarded in Sep’08 still not completed

RM160.7m Education Ministry project to build 300 computer labs in Sabah to be completed Apr '08 - only 2 completed

Univ M’sia Sabah took foreign loans to purchase US$39.8k of computer equipment delivered Nov '09. Equipment still in boxes

23 race-horses bought by NSC for RM5.66m for World Endurance Championship - 18 failed to meet criteria set by the Federation Equestre Internationale

Tourism Malaysia booked RM194m (72%) of RM269.7m of advertisements without tender, against treasury regulations

Marine Parks Dept purchased Laptop+Printer for RM11,845 or 246% higher than market price RM3,428

Marine Parks Dept purchased LCD TV/DVD Player for RM16,100 or 638% higher than market price RM2,182

Marine Parks Dept purchased Bushnell Binoculars for RM56,350 or 1,893% higher than market price RM2,827

Marine Parks Dept purchased Marine Binoculars for RM56,350 or 2,805% higher than market price RM1,940

RM186m baggage transfer system to KL Sentral “ready” since 2008 not utilised; initial estimates - RM92m

Instead of fully utilising a RM54 million allocation to provide training courses for the hardcore poor, Majlis Amanah Rakyat (Mara) spent money on related items - at 100 percent more than the market price.
-An oven at RM1,200 compared to the market price of RM419, for baking and pastry-making courses in Kelantan
-Folding beds at RM500, against the market price of RM100
-Two-burner gas cookers at RM200 each, rather than RM59.90
-Hair clippers supplied at RM250 each, instead of RM79
-A blender at RM140 instead of RM60

9 Ministries over spent RM3.73 billions in 2010.

http://t2.gstatic.com/images?q=tbn:ANd9GcSeoscTUD0Ab6zQuvfhxgSndXTlpwZadlWcvdnoBkiCTSJd1QjR7kMy-10l

THUMB UP TO NAJIB’S ADMINISTRATION!

THUMBS UP !! short live najib ! why don they use the money to “correct” the government administration instead of cheating and buying votes ?

they did… their “correction” method is by getting in 178k foreign labour and give them voting rights…
impressive, isn’t it?

[quote=“relaxjack”]
Instead of fully utilising a RM54 million allocation to provide training courses for the hardcore poor, Majlis Amanah Rakyat (Mara) spent money on related items - at 100 percent more than the market price.
-An oven at RM1,200 compared to the market price of RM419, for baking and pastry-making courses in Kelantan
-Folding beds at RM500, against the market price of RM100
-Two-burner gas cookers at RM200 each, rather than RM59.90
-Hair clippers supplied at RM250 each, instead of RM79
-A blender at RM140 instead of RM60

9 Ministries over spent RM3.73 billions in 2010.[/quote]

MARA is a failure lah… just know how to waste money only.
Heard that most businesses took up the loan from MARA, ended up a failure and just default on the repayment without any actions on them.
This week they will be promoting their business at Centre Point and causing the already chaotic traffic jam and lack of vehicle parkings… better to do it at the stadium lah… anyway, nothing new to see, just the old boring stuffs.

why i’m not surprise…

This is the reason for our country downfall, Not because there’s not enough tax gained or lack of GST.
For those who keep saying no GST is no good and can’t help on country development and keep complaint on why low income earner not paying tax, and imposing GST is great.


Then please, chew on this piece on information and digest it well in both ur tiny brain and mindset.

Imposing GST or increasing tax charges can be a good thing.
IF THE TOP MANAGEMENT KNOWS HOW TO UTILIZE THE FUNDING

Change we must hehe… Give PR a chance to manage taxpayer’s money.

yes, the biggest problem in why our country is so heavily in debt is because
the money keeps going into the wrong pockets and “mis-used” while the people gets empty promises,
wonder toads, two-faced lie-through-their-teeths ministers and increasing living hardships…

i read a saying that a lot of people here in malaysia should really think about…

“The greatest triumph for evil is when good man does nothing.” It really is time we do something…

[size=200]Malaysia’s debt rises to RM407bil[/size]

PETALING JAYA: Malaysia’s public debt level rose 12.3% to RM407.11bil in 2010 from RM362.39bil a year earlier, according to the Auditor-General’s Report 2010.

National debt grew 12% to RM390.36bil in 2010 from RM348.60bil a year earlier while foreign debt grew 21.5% to RM16.75bil from RM13.79bil in the previous corresponding period, said the report released yesterday.

In 2010, unresolved public debt both at the national and foreign level grew by RM41.76bil and RM2.96bil respectively compared with 2009.

The national debt level totalling RM390.36bil accounts for 95.9% of the Federal Government’s total debt, auditor-general Tan Sri Ambrin Buang said in the report.

He pointed out that the ratio of the Federal Government’s debt to gross domestic product at the end of 2010 was 53.1%, which was over 50% for the second year in a row.
[attachment=0]p1-debtcht.jpg[/attachment]

The national debt level is governed by various laws that impose a debt ceiling for the Government. Under Act 637 of the Loan (Local) Act 1959, and Act 275 of the Government Investment Act 1983, it is stated that the combined loans raised domestically should not exceed a ceiling of 55% of the nation’s GDP.

Meanwhile, Act 403 of the External Loans Act 1963 limits external loan exposure to RM35bil.

The report also revealed that in 2010, the Government received revenue totalling RM159.65bil, which was an increase of RM1.01bil (0.6%) compared with RM158.64bil in 2009.

Accounts receivable for 2010 stood at RM20.37bil while the Government approved allocation amounting to RM149.06bil for operating expenditure. However, the said allocation was insufficient to cover the expenses amounting to RM151.63bil, said the report.

*** DEBT! DEBT! DEBT! Sooner or later Malaysia could end up like Greece… ***

Are we proud of UMNO / BN yet?

[size=200]Defence’s aviation support vehicles “too old to use”[/size]

PETALING JAYA: Most of the Defence Ministry’s aviation ground support vehicles (AGSV) are just too old to operate, said the Auditor-General’s Report 2010.

A random audit showed more than 90% of the vehicle were above the operational age limit and constantly broke down.

The ministry has 344 of such vehicles, including towing tractors, runway sweepers, cranes, fire tenders, forklifts, aircraft refuelers, cargo loaders, prime movers and crash ambulances.

From their random test of 74 vehicles, it was discovered that 70 vehicles exceeded the maximum age limit of up to 15 years and as such, often become faulty. and damaged.

Repair and maintainence costs of the AGSVs’ were high.

In a reply, the Treasury acknowledged the matter and said that they have an annual budget of RM4mil to buy new AGSV’s, but the amount was only enough to buy one or two vehicles.

The A-G’s Report also pointed out the poor condition of buildings and facilities in reserve military personnel (askar wataniah) bases.

Among the worst is the Kota Belud base, Rejimen 507, where frequent electrical and water outages occur.

Women bathe from piped water located outside the building. The area is only covered by canvas; while the men have to pull a hose from a pipe over 100m to their living quarters bathroom because of water outage.

The facility also has no perimeter fencing which poses a serious security risk, the report said, adding that this was among factors which led to low morale among the reserve unit.

The Treasury, in its reply, said the army has 122 camps nationwide with most of them over 50 years old. It needs RM170mil annually to properly maintain all its infrastructure but only received RM87mil in allocation.

*** Hmmm… another complete failure

[size=200]“Headless” National Feedlot Centre project[/size]

PETALING JAYA: The RM73.64mil National Feedlot Centre project is in a mess’, the Auditor-General’s Report said.

It recommended that the Agriculture and Agro-Based Industry Ministry talk with the Finance Ministry to determine the direction of the project.

The project, located in Gemas, Negri Sembilan, is aimed at reducing beef imports and make the country the centre of beef production.

In an audit between January and March this year, the project’s Entrepreneur Development Programme, with the aim to train 130 satellite farmers, has yet to take off.

The programme’s failure resulted in only 41.1% or 3,289 cattle being produced last year compared to the targeted 8,000 heads of cattle.

The centre was slated to produce 60,000 cattle by 2015.

The Report found weaknesses in project management, while facilities remained used or improperly maintained.

The area where grass that was supposed to be grown for animal feed or fodder was filled with acacia trees, it said.

According to the Report, the 2,000ha of land meant for the NFC has now been reduced to 800ha as the Mentri Besar Negri Sembilan Inc. has taken back their plot.

However, the state government said it would use the plot for livestock activities and food production.

*** We can’t trust the Government Departments to implement the projects…

RM214mil Muara Tuang army camp in Sarawak incomplete, but falling apart.

Tenaga Nasional Bhd (TNB) spent a staggering RM770,000 to supply electricity to a single house under its Rural Electricity Supply Project (BELB).

77km Senai-Desaru Highway in Johor fails road test.

[quote=“relaxjack”]RM214mil Muara Tuang army camp in Sarawak incomplete, but falling apart.

Tenaga Nasional Bhd (TNB) spent a staggering RM770,000 to supply electricity to a single house under its Rural Electricity Supply Project (BELB).

77km Senai-Desaru Highway in Johor fails road test.[/quote]

kinda funny they still can put up a straight face when talking to malaysian

[quote=“gameaddict”][quote=“relaxjack”]RM214mil Muara Tuang army camp in Sarawak incomplete, but falling apart.

Tenaga Nasional Bhd (TNB) spent a staggering RM770,000 to supply electricity to a single house under its Rural Electricity Supply Project (BELB).

77km Senai-Desaru Highway in Johor fails road test.[/quote]

kinda funny they still can put up a straight face when talking to malaysian[/quote]

its easy for them since they turned their backs to their god and started worshiping money instead

So many projects… so many flaws !!!
Guess its right that the Government only good at talking about this project lah, that project lah… but their implementations SUCKS !!!

[quote=“MonkeyKing”]So many projects… so many flaws !!!
Guess its right that the Government only good at talking about this project lah, that project lah… but their implementations SUCKS !!![/quote]

and they dare say DAP only knows how to talk…
well, LOOKS WHO’S TALKING??!!

G’s biggest problem is NFA (No Further Action) against the corrupt officials despite damning report by the AG every year.

they won’t bite the hand that feeds them la…
and that includes EC, MACC, MCMC, etc etc etc la, they are all for show nia