THE Penang government has recorded a total revenue collection of RM920.15 million as of Nov 14 this year.
Chief Minister Chow Kon Yeow (PH–Padang Kota) said the collection has surpassed this year’s target of RM906.59 million.
“This achievement places the state government on the right track to further strengthen the accumulated balance of the Consolidated Revenue Account.
“With the continued commitment of our state civil servants, the state government is optimistic about achieving total revenue collection exceeding RM1 billion before the close of accounts at the end of this year.
“This is similar to what was last achieved in 2016, when the state recorded RM1.029 billion in revenue,” Chow said while tabling the Penang Budget 2026 at the Penang State Legislative Assembly in Light Street today.
Chow also announced that the Penang government’s financial statements for 2024 received an ‘Unqualified Audit Opinion’ from the National Audit Department on Aug 7 this year.
An unqualified audit opinion, also known as a “clean opinion,” means that the auditor believes a company’s or the state government’s financial statements are presented fairly and without material misstatements, according to the applicable financial reporting framework.
“This recognition reflects the principles of Efficiency, Accountability, and Transparency, which form the core of the state administration’s work culture.
“Therefore, I would like to extend my appreciation to all state civil servants who have supported the State Finance Department (JKN) in ensuring that Penang continues to remain among the top-performing states in terms of financial statement auditing,” he said.
Story by Riadz Akmal