KUALA LUMPUR (Bernama): The Federal Government has been advised to continue with efforts to increase revenue through various sources and to adopt prudent spending, said the Auditor-General's Report 2018. According to the report, the Federal Government's financial position at end 2018 totalled RM232.883bil, an increase of RM12.476bil or 5.7% from 2017. The Federal Government's Accounts Accrued (ABT), at the end of 2018, amounted to RM86.935bil comprising Recoverable Loans And Recoverable Advances as well as various Accounts Accrued. The report also stated that the overall amount of public debt and the government's financial commitment stood at RM1.021 trillion. - BernamaRelated stories:Limit govt guarantees for GLCs to contain debt, advises Auditor-GeneralAuditor-General advises govt to continue to raise revenue

Source: The Star October 14, 2019 09:25 UTC