Apr 16 2016, 09:55 PM
QUOTE(hypervisor @ Apr 16 2016, 07:45 PM)
the most deficit state in MY... truth hurt
penang state gov already had deficit budget for 8th year since 2008
RM1.1b budget tabled for Penang in 2016
Posted on 6 November 2015 - 04:34pm
Last updated on 6 November 2015 - 05:38pm
Imran Hilmy
newsdesk@thesundaily.com
GEORGE TOWN: Penang tabled a RM1.1 billion budget for 2016, with an estimated deficit of RM 292.13 million, the 8th consecutive deficit budget for the state since 2008.
http://m.thesundaily.my/node/336981
You do know that this was a tabled budget and not the actual results right? Actual results is as per below commenter.penang state gov already had deficit budget for 8th year since 2008
RM1.1b budget tabled for Penang in 2016
Posted on 6 November 2015 - 04:34pm
Last updated on 6 November 2015 - 05:38pm
Imran Hilmy
newsdesk@thesundaily.com
GEORGE TOWN: Penang tabled a RM1.1 billion budget for 2016, with an estimated deficit of RM 292.13 million, the 8th consecutive deficit budget for the state since 2008.
http://m.thesundaily.my/node/336981
QUOTE(Yaoyiming @ Apr 16 2016, 07:47 PM)
Oh really?
GEORGE TOWN - Penang has managed to record a budget surplus of RM453 million for the years 2008 until 2013, said Chief Minister Lim Guan Eng, as reported by Roketkini.com.
In his closing speech for the 2015 state budget, Guan Eng pointed out that Penang’s finance has been growing stronger since they took over the state government six years ago. This is also something that can be verified by the Auditor-General report.
“Deficit budget is an issue that has frequently been played up by the opposition. But with the Penang government’s efficiency in managing the state’s funds, a surplus of RM453 million has been achieved from 2008 until 2013.
“If the Opposition Leader has proof that this surplus has been manipulated, please criticise the Auditor-General as this financial statement has been verified by him,” Guan Eng said.
Have you read the financial reports and determine why the state made a surplus instead of their tabled deficit?GEORGE TOWN - Penang has managed to record a budget surplus of RM453 million for the years 2008 until 2013, said Chief Minister Lim Guan Eng, as reported by Roketkini.com.
In his closing speech for the 2015 state budget, Guan Eng pointed out that Penang’s finance has been growing stronger since they took over the state government six years ago. This is also something that can be verified by the Auditor-General report.
“Deficit budget is an issue that has frequently been played up by the opposition. But with the Penang government’s efficiency in managing the state’s funds, a surplus of RM453 million has been achieved from 2008 until 2013.
“If the Opposition Leader has proof that this surplus has been manipulated, please criticise the Auditor-General as this financial statement has been verified by him,” Guan Eng said.
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