Open links in secondary window

Sunday, August 31, 2008

Auditor-General's Report: Billions owed

CAN'T pay off your loan? Welcome to the club.

As of last year, state governments, companies, statutory bodies and others owed the Federal Government over RM10 billion.The biggest debtors were the companies, which together owed close to RM4 billion.

Perwaja Terengganu Sdn Bhd owed more than RM3 billion, followed by Perbadanan Aset Keretapi (formerly Keretapi Tanah Melayu) which owed RM600 million.

The second biggest debtors were the state governments with a total debt of RM3.5 billion. Johor and Selangor topped the list with debts close to RM700 million each.

The third group was statutory bodies, with a RM2.4 billion debt.

Fifty-seven ministries and departments are owed RM14 billion, with taxpayers owing the Inland Revenue Board RM8 billion.

Source: NST

Labels: ,


Post a Comment

<< Home