Lim: Pre­vi­ous govt used up RM11.41bil from Jan­uary to April

The Star Malaysia - - Nation -

PETALING JAYA: The Govern­ment’s Con­sol­i­dated Rev­enue Ac­count reg­is­tered a de­ple­tion of 96% or RM11.41bil from Jan­uary to April this year, said Fi­nance Min­is­ter Lim Guan Eng.

He said it was clear that ex­ces­sive spend­ing by the pre­vi­ous Barisan Na­sional ad­min­is­tra­tion was car­ried out in the months pre­ced­ing the 14th Gen­eral Election.

“This has not been an easy five months since May 9. De­spite be­ing left with only RM450mil by the pre­vi­ous govern­ment, the new Pakatan Hara­pan govern­ment is still able to meet all monthly fi­nan­cial com­mit­ments, es­pe­cially pay­ing the monthly RM8­bil in salaries and pen­sions of civil ser­vants, in­clud­ing bonuses,” he said in a state­ment.

The break­down of the fig­ures pro­vided by Lim showed that the Con­sol­i­dated Rev­enue Ac­count dropped from RM11.86bil in De­cem­ber to RM5.73bil in Jan­uary and the down­trend con­tin­ued in Fe­bru­ary (RM5.34bil), March (RM3.91bil) and April (RM450mil).

Lim said Ac­coun­tant Gen­eral Datuk Saat Esa con­firmed that only funds in the Con­sol­i­dated Rev­enue Ac­count could be spent on govern­ment ex­pen­di­ture and not from the Con­sol­i­dated Fund.

“Datuk Saat also con­firmed that there was only RM450mil left on April 30.

“There are those who claim oth­er­wise, cit­ing the funds in the Cash Ac­count as proof that Barisan left Pakatan with bil­lions of ring­git.

“This is un­for­tu­nately not true. Not all monies in the Cash Ac­count can be used for govern­ment ex­pen­di­ture,” said Lim, adding that the Cash Ac­count and the In­vest­ment Ac­count both formed a com­mon pool of cash col­lected, de­posited or in­vested and held for three sep­a­rate ac­counts – Con­sol­i­dated Rev­enue Ac­count, Con­sol­i­dated Loan Ac­count and Con­sol­i­dated Trust Ac­count.

He ex­plained that the amount in the Cash Ac­count and In­vest­ment Ac­count can­not be spent en­tirely for govern­ment ex­pen­di­ture be­cause they do not be­long to the Con­sol­i­dated Rev­enue Ac­count en­tirely.

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