THE financial performance of federal statutory bodies under 23 ministries improved 6.9%, or RM7.06 billion to RM109.23 billion, compared with RM102.17 billion in 2015.

According to the Auditor General’s Report 2016 Series 2 (Conformation of Financial Statement of Federal Statutory bodies, Federal Funds, Trust Accounts and other Agencies), of this amount, self-generated revenue was RM90.63 billion, management grants (RM13.54 billion) and settlement of other grants (RM5.07 billion).

According to the report, the audit found that federal statutory bodies under the Finance Ministry posted the highest revenue (RM62.44 billion) in 2016, followed by the Higher Education Ministry (RM17.24 billion), the Prime Minister’s Department (RM6.64 billion) and the Rural and Regional Development Ministry (RM6.33 billion).

The audit analysis for the federal statutory bodies under the Finance Ministry saw the Employees Provident Fund register the highest revenue at RM46.75 billion, followed by Retirement Fund Incorporated (RM7.64 billion), Majlis Amanah Rakyat (RM4.68 billion), Social Security Organisation (RM4.47 billion) and other statutory bodies (RM45.36 billion).

The report also highlighted that the income of federal statutory bodies according to ministries found that 14 recorded an increase, and nine others a decline in 2016.

Federal statutory bodies under the International Trade and Industry Ministry recorded the highest increase of 55.5%, that is RM1.18 billion in 2016 compared with RM756.80 million the previous year.

This was the result of an increase in non-business transactions by the Malaysian Investment Development Authority (MIDA) and the receipt of a development grant of RM420.40 million for 2016.

MIDA also registered the highest percentage revenue increase of 282.6%, resulting from the receipt of a government grant for management, development and a special account, while Perbadanan

PR1MA Malaysia posted a  212.1% increase from the sale of houses starting in 2016, as well as an improvement in the operations income from tender fees and exhibition site. – Bernama, November 27, 2017.