Prime Minister Najib Abdul Razak has announced the second election
primer budget full of goodies, extending from bonuses to civil servants
to handouts to lower income households. This budget is Najib’s
latest fiscal effort to secure him a solid victory in the 13th general
election that has to be held before the end of June next year. The budget is a continuation of a historically unprecedented pattern of
direct government transfers to woo political support that has broadened
in scope, increased in amount and moved development policy from needs
based initiatives to what appears to be a coordinated regime political
survival programme.
With the increase of Federal govt
debts of 4% (43b), the debt is raised to new height of RM502.4b! This is 53.7%
of our GDP. We are on the blink of bankruptcy as a country with debts amounting
to 55% of the GDP is a bankrupt state. With PM known to make supplementary
borrowing, it is expected that he will resort to more borrowings to finance
election good
ies if GE13 is held next year and
bankrupt the country!
Nothing in the BN budget to rival the Pakatan Rakyat’s “Oil Justice” of which Sarawak will benefit directly. In the PR’s budget, Sarawak will be granted petroleum royalty of 20% as compare to the present 5%. Further, the PR is also committed to help establish state-owned second-tier oil and gas companies for Sabah, Sarawak, Terengganu and Kelantan, through “risk sharing contracts” (RSC). Nothing in the BN’s budget. We are to settle for a part of the 400,000 water tanks costing RM100 million, to harvest rainwater but alas! RM2,500 per water tank, which is unbelievable.
There is nothing for the Sarawak First Trunk Road System, though much anticipated! (the increasing number of road accidents recently and considering the fact that the Semenanjung road network of 35,734 km as compared to 10,171 km for Sarawak and Sabah combined)
It is quite shocking that there is no provision to alleviate economic hardship of some Msian families. There are 84,000 families with household earning less than RM500 per month (these are households of “abject poverty”) and another RM427,000 families earning household income between RM501 to RM999.
In PR alternative budget, we proposed to raise welfare payment to these families from RM300 per month to RM550 per month. The increase in welfare payment will also help the OKU (physically or mentally challenged people).
The BN’s budget is also a huge let down when it fails to make any adjustment to the excise duty of motor vehicles (up to 105% of costs of the vehicles) as such reduction is much anticipated and deem to increase disposable income of the rakyat. In PR’s alternative budget, 20% reduction is promised. It is obvious that the BN is bent to protect the AP holders who are the BN-puteras and cronies.
The BN budget is losing sight of the country’s interests. It prioritizes the BN’s interests and is focused on its survival in this coming GE13, hence the bonus of 1 and 1/2 month for civil servants (even though it took into account the 1/2 month bonus already paid before the last Hari Raya Aidifitri) which will cost the country RM6 billion; 2nd round of BR1M to cost RM3b; one-off BR1M 2.0 of giving RM250 to youths above 21 earning less than RM2000 per month; RM200 rebates for 1.5 million youths between 21 and 30 to buy smartphone which will cost the country RM300 million.
However, the important sectors are taking the back seats: only RM276 million for MACC (this shows that the BN is absolutely not committed to combat corruption, comparing this to the RM300m for smartphone rebates to youths; only RM600 million for crime reduction, SME (small and medium enterprises) Development Scheme only RM1 billion and RM100 million each for all National typed Chinese, Tamil and Mission schools.
On the whole, the National budget is disappointing and a let-down. It is basically a ticket for the BN to secure victory for the coming general election, and nothing more.
Nothing in the BN budget to rival the Pakatan Rakyat’s “Oil Justice” of which Sarawak will benefit directly. In the PR’s budget, Sarawak will be granted petroleum royalty of 20% as compare to the present 5%. Further, the PR is also committed to help establish state-owned second-tier oil and gas companies for Sabah, Sarawak, Terengganu and Kelantan, through “risk sharing contracts” (RSC). Nothing in the BN’s budget. We are to settle for a part of the 400,000 water tanks costing RM100 million, to harvest rainwater but alas! RM2,500 per water tank, which is unbelievable.
There is nothing for the Sarawak First Trunk Road System, though much anticipated! (the increasing number of road accidents recently and considering the fact that the Semenanjung road network of 35,734 km as compared to 10,171 km for Sarawak and Sabah combined)
It is quite shocking that there is no provision to alleviate economic hardship of some Msian families. There are 84,000 families with household earning less than RM500 per month (these are households of “abject poverty”) and another RM427,000 families earning household income between RM501 to RM999.
In PR alternative budget, we proposed to raise welfare payment to these families from RM300 per month to RM550 per month. The increase in welfare payment will also help the OKU (physically or mentally challenged people).
The BN’s budget is also a huge let down when it fails to make any adjustment to the excise duty of motor vehicles (up to 105% of costs of the vehicles) as such reduction is much anticipated and deem to increase disposable income of the rakyat. In PR’s alternative budget, 20% reduction is promised. It is obvious that the BN is bent to protect the AP holders who are the BN-puteras and cronies.
The BN budget is losing sight of the country’s interests. It prioritizes the BN’s interests and is focused on its survival in this coming GE13, hence the bonus of 1 and 1/2 month for civil servants (even though it took into account the 1/2 month bonus already paid before the last Hari Raya Aidifitri) which will cost the country RM6 billion; 2nd round of BR1M to cost RM3b; one-off BR1M 2.0 of giving RM250 to youths above 21 earning less than RM2000 per month; RM200 rebates for 1.5 million youths between 21 and 30 to buy smartphone which will cost the country RM300 million.
However, the important sectors are taking the back seats: only RM276 million for MACC (this shows that the BN is absolutely not committed to combat corruption, comparing this to the RM300m for smartphone rebates to youths; only RM600 million for crime reduction, SME (small and medium enterprises) Development Scheme only RM1 billion and RM100 million each for all National typed Chinese, Tamil and Mission schools.
On the whole, the National budget is disappointing and a let-down. It is basically a ticket for the BN to secure victory for the coming general election, and nothing more.