KUCHING: Once again, Sarawak has been accorded a clean certificate for its public accounts for the year 2021, making it the 20th consecutive year of having a clean record.
Deputy Premier Datuk Amar Douglas Uggah Embas said this is a clear testimony of good governance practices and prudent financial management in managing the state’s financial affairs.
“The state has always been upholding and maintaining good governance practices to achieve and sustain its sound financial position.
“This is reaffirmed by the commendable investment-grade credit ratings given by both international and domestic rating houses.
“Moody’s and Standard & Poor’s have reaffirmed the state’s rating at A3 and A- respectively. Moreover, Rating Agency Malaysia has also maintained Sarawak’s credit rating of AAA with a stable outlook.
“This is in spite of the fact that we have been facing unprecedented economic challenges in the past two years due to COVID-19 pandemic,” he said.
Uggah, who is also Second Finance and New Economy Minister said this in his winding-up speech at the State Legislative Assembly (DUN) sitting today (Dec 1).
He also said the assigned ratings by the rating agencies and clean certificate by the Auditor General of Malaysia reflect a sustained record of the state’s sound financial performance, underpinned by strong reserves and prudent budgetary practices.
“The achievements as highlighted are also the result of the highly disciplined culture inculcated in managing our financial resources over the years,” he said.
