KUCHING: The State has once again been accorded a clean certificate of unqualified reports for its financial accounts for the year ending 31st December, 2017.
Minister of Finance II, Dato Sri Wong Soon Koh said this is the 16th consecutive year that the State earned such clean record.
“The State’s commendable investment credit ratings have also been re-affirmed at A3 and A- by the international rating agencies i.e Moody’s and Standard & Poor, respectively,” Wong said in his winding up speech in the State Legislative Assembly here yesterday.
Wong said these achievements are good testimonies and clear reflections of the State sound financial management in exercising financial prudence and discipline at all levels.
“Despite our achievement thus far, we will continue to strengthen strategic financial management by benchmarking and adopting best practices leveraging on technology advancements as well as building capacity to achieve operational excellence and good governance.
“These efforts will further harness the long term benefits of cost effectiveness, efficiency, productivity and value to all stakeholders,” he added.
Wong stressed that in the light of current global economic challenges, it is crucial for every one to exercise effective leadership to ensure prudent and responsible financial management towards a resilient economy for a brighter tomorrow.
He expressed sincere thanks and appreciation to all Controlling Officers, Heads of Departments, and CEOs of agencies and Government-Linked Companies in continuing to work closely together as well as collaborating with the private sector to optimise public value and to deliver better result s for the people of Sarawak.
