SARAWAK will roll out a new statewide digital compliance and financial monitoring system in 2026 as part of an ongoing effort to strengthen public sector governance.
According to Second Minister for Finance and New Economy, Datuk Amar Douglas Uggah Embas, the Financial Performance Efficiency and Compliance Index System (FinPEC) will be launched in 2026.
“The launch represents a transformative milestone in modernising how compliance is measured, reported and monitored across all government agencies,” he said during his ministerial winding-up speech at the State Legislative Assembly today.
He said strong financial governance relies on consistent compliance, which is supported by Jawatankuasa Pengurusan Kewangan dan Perolehan (JPKP), introduced in 2023.
“Every agency is entrusted to oversee and monitor its own financial management, procurement, budgeting, asset control and audit follow-up,” he added.
He said that FinPEC will function as the digital backbone of this framework, integrating JPKP reporting and financial performance data through a secure online platform.
“By digitalising the entire reporting process, FinPEC enhances timeliness, accuracy and oversight while promoting a culture of accountability and data-driven decision-making,” he reiterated.
“I hope all agencies to fully leverage FinPEC to ensure timely and accurate reporting and to continuously strengthen their compliance.”
Uggah also informed several initiatives to improve public asset management, emphasising the importance of efficient utilisation and maintenance of state resources.
New guidelines aligned with international accounting standards have been introduced for the management, valuation and reporting of biological assets, including animals, fish and plants, owned by the Sarawak government.
“By enforcing this guideline, we prevent misuse and ensure every biological asset under our ownership is accounted for,” he said.
“This integration of biological asset records into the Integrated Asset Management System would give the State a clearer picture of how resources are utilised while promoting long-term sustainability.”
A standardised Self-Assessment Management Compliance Index has also been introduced to help agencies evaluate their asset and store management processes before verification by the Asset Management Inspectorate Team, aiming to improve compliance and encourage wider adoption of the Integrated Asset Management System.
