KUALA LUMPUR: The Federal government collected RM220.63 billion in revenue last year, up RM7.256 billion or 3.4 per cent over the RM213.370 billion in 2013, according to the Third Series of the 2014 Auditor-General’s Report.
Tax revenue and non-revenue receipts rose while non-tax revenue and revenue from the Federal Territories declined, said the Auditor General in a statement on the financial management and activates of the Federal government and its statutory bodies as well as state governments.
The report was tabled in Parliament today.
Much of the rise in revenue was contributed by individual and company income tax; licences, registration fees and permits; excise duty on imported goods; and sales tax on domestic manufactured goods, he said.
The stable expansion of the domestic economy as well as continuous enforcement activities by the Inland Revenue Board and Royal Malaysian Customs Department also contributed to the revenue increase, he added.
However, petroleum income tax collection as well as interest and returns on investments declined compared to 2013 due to the fall in crude petroleum prices and lower dividends from government companies.
Overall, the National Audit Department found good financial management of agencies in 2014, with 172 ministries, departments and agencies receiving a four-star rating (’Very Good’) compared with 194 in 2013 and 143 in 2012.
A total of 69 performance audits and 16 audits were carried out on Federal and state government companies as well as Federal statutory bodies covering construction, maintenance, acquisition, revenue management and company management.
The contents of the Auditor-General’s Report and its synopsis are available at http://www.audit.gov.my while a town hall session with the media will be held on Dec 2, 2015 at the Public Services Department Auditorium, Complex C, Putrajaya.—BERNAMA