GEORGE TOWN, Nov 25 – Overall revenue collection of the Penang State Government as at the end of 2014 was good. In 2014, the Consolidated Fund showed an increase of RM163.93 million or 12.7% to RM1, 456.03 million compared to RM1, 292.10 million in 2013.
The balance of Consolidated Revenue Account as at 31 December 2014 has increased by RM54.17 million or 6.6% to RM880.75 million from RM826.58 million in 2013. However, revenue collected in 2014 has decreased by RM34.01 million or 4.1% compared to 2013, from a total of RM833.72 million to RM799.71 million.
According to the report, the state government spent RM192.34 million or 80.5% was spent compared to an approved allocation of RM239.07 million. The performance of projects that have been successfully implemented projects totalled 2,856 or 99.3% of the 2,875 planned projects, while the remaining 19 projects were either at the progress stage, yet to commence or delayed projects.
