Former Selangor Menteri Besar Dr Mohd Khir Toyo has warned which a state children account is making huge losses, claiming it would be bankrupt in 5 years.
He claimed which a Auditor-General's Report 2011, which was released today, reveals a income of Tabung Warisan Anak Selangor (Tawas), a state-sponsored foundation, could not cover a handling costs of a fund.
He pronounced Tawas gets a account from Yayasan Warisan Anak Selangor (Yawas), which only earned a income from short-term investments amounting to RM198,101, RM210,716 as well as RM213,955 respectively for 2009, 2010 as well as 2011.However, he pronounced Yawas' handling cost stood during RM1.55 million, RM1.64 million as well as RM 1.71 million for a 3 years, meaning it made a loss of RM1.35 million, RM1.43 million as well as RM1.49 million in year 2009, 2010 as well as 2011 respectively.
"If a income as well as expenditure trend still continues, it is possible which Yawas as well as Tawas will tighten down in 5 years or (the) state supervision has to bail it out," he wrote in his blog today.
Khir, who is Sungai Panjang state assemblyperson, forked out which a Yawas change as during year 2011 was RM5.68 million, which a inform cited is "smaller compared to sum income needed to pay for Yawas' operation cost as well as good Tawas scheme".
Formed in 2009, Tawas aims to pay every registered new-born baby in Selangor RM100 per annum until a age of 18, on which a child would get a final one-off remuneration RM 1,500. Read More @ Source
More Barisan Nasional (BN) | Pakatan Rakyat (PR) | Sociopolitics Plus |
Courtesy of Bonology.com Politically Incorrect Buzz & Buzz
No comments:
Post a Comment