THE Federal Government reported stable financial standing in 2022, much better than the previous years when the country was facing the Covid-19 pandemic, said Auditor-General Datuk Wan Suraya Wan Mohd Radzi (pic).
Wan Suraya said that despite an increase in the federal debt from RM979.814bil to RM1.079 trillion in 2022, it should be noted that other indicators of the country’s financial health had also increased.
“I want to emphasise that the performance of the financial statement is stable. In fact, it’s much better than last year.
“Yes, the debt has increased but at the same time, our revenue, financial performance and GDP have also increased.
“Debt is unavoidable. We need money for programmes and activities. It (the debt) allows us to use the loans for development and repayment.
“So, it (the financial statement) is stable and if we keep on paying our debts, (which) we need to, we will be on the road to recovery, and we look forward to what the Finance Ministry and Prime Minister will table (in Budget 2023) this Friday,” she told reporters when met at Parliament yesterday.
Following the reopening of economic activities after the lockdowns caused by Covid-19, Wan Suraya said Malaysia’s revenue was seeing promising growth, especially due to the contribution from the oil and gas sector.
