KUALA LUMPUR (Oct 10): The federal government has written off RM4.6 billion in loans in 2022, up from RM701.5 million in 2021, said the Auditor General’s Report on federal government financial statement 2022.
The write-off in 2022 comprised RM1.36 billion approved that year, as well as another RM3.24 billion approved between 2011 and 2022.
The biggest portion comprised RM2.794 billion to Perwaja Terengganu Sdn Bhd, as well as the Pahang state government (RM1.23 billion), Felcra Bhd (RM242.4 million) and Melaka state government (RM173.5 million).
Others include Malaysia Venture Capital Management (RM54.76 million), UDA Holdings Bhd (RM46.05 million) and Bank Pertanian Malaysia Bhd (RM40 million).
The government also saw loan payment arrears amounting to RM10.79 billion across 295 borrowers, down from RM11.96 billion in 2021.
The payment arrears include Indah Water Konsortium Sdn Bhd (RM3.606 billion), SRC International Sdn Bhd (RM627.22 million), Sabah Electricity Sdn Bhd (RM501.84 million) and Keretapi Tanah Melayu Bhd (RM477.85 million).
The decline in the loan payment arrears was mainly due to lower arrears by the state governments, which fell to RM3.08 billion in 2022, compared with RM4.23 billion in 2021.
The decline was partly due to the takeover by Pengurusan Aset Air Bhd of 63 loans under the Kelantan and Pahang state governments’ water supply projects, which amounted to RM1.25 billion.
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