Tuesday, April 22, 2008

CM: How did MPSP use up RM226m from 2000 to 2007? - The Sun

BUKIT MERTAJAM (April 22, 2008): By Bernard Cheah and Opalyn Mok

Chief Minister Lim Guan Eng wants the new Seberang Perai Municipal Council (MPSP) councillors to find out how MPSP's reserves depleted from RM266 million in 2000 to only RM25.6 million last year.

"This is a surprising and scary figure, for money to disappear in such a short period," he said at the swearing in ceremony of 23 MPSP councillors here today.

Lim said it would be challenging for MPSP to be financially sovereign and a good financial establishment, but he is positive that the MPSP can pull through.

"From the cash flow performance, we can see for the year 2007, the deficit from spending is only RM5.5 million, and RM5.4 million for theprevious year," Lim said.

He hoped MPSP would be able to create a new balanced budget, in efforts to incorporate the 'CAT' principles in their conduct - Competency, Accountability and Transparency.

Besides that, Lim said the state government will get help from an external auditor to investigate the matter and provide the necessary measures to repair it.

The 23 councillors of the new MPSP consist of three district officers, nine DAP members, eight PKR members, two Non-Governmental Organisation (NGO) members and one PAS member. Penang Indian Chamber of Commerce director R. Guna Segaran Raguan@Rahaven, who was supposed to be the third NGO to be sworn in declined yesterday.

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