RM502.4 billion – Federal govt debt (53.7% GDP) RM116.76 billion – Govt guaranteed loans (as of 2011, may be higher in 2012) RM619.16 billion – Estimated total debt exposure(66% GDP) (source: Malaysiakini) (source: Auditor-General’s Report 2011)
Tag: Budget 2013
Another budget, more cash handouts and more dithering over an election date – Economist
THE prime minister, Najib Razak, fancies himself as the Tony Blair of Malaysian politics. Like the former British prime minister, Mr Najib purports to be a progressive reformer, on a mission to “modernise” his country. The British-educated Mr Najib also likes to pay as much attention to the spin on his policies as to their… Continue reading Another budget, more cash handouts and more dithering over an election date – Economist
Budget 2013: Najib’s Last Hurrah? (Part 1)
… Illusions of well-being The general elections between 1998 and 2008 were preceded by “feel good” Budgets that created the illusion of well-being. The electoral set back suffered by the BN in 2008 led to a change in the way public funds came to be utilized. The most recent Budgets delivered by Najib have moved… Continue reading Budget 2013: Najib’s Last Hurrah? (Part 1)
Budget 2013 – Votes in the moneybag
Budget 2013 is a sweetener to secure another deal from the people but it may not be enough to save the skin of the prime minister. Was it an election budget? The government says no, but all the goodies dished out unerringly indicate the way is paved for the prime minister to ring the bell… Continue reading Budget 2013 – Votes in the moneybag
Najib’s 2013 Budget: No Class, Undeserving of Support
If Najib cannot defend his budget, it means, it’s not worth the support of the people. We have not even begun to go into details yet. Najib’s 2013 Budget has no character to speak of in the first place. He insults all those hardworking civil servants who have put in so many person-hours into preparing… Continue reading Najib’s 2013 Budget: No Class, Undeserving of Support
Budget 2013 – Beggars’ budget
One thing you could say for Prime Minister Najib Abdul Razak’s Budget 2013 is that at least it accurately reflects the Umno/BN philosophy of government: beggar the nation with ever-bigger projects for members and cronies and treat the rakyat like beggars by tossing them some small change. Small change, in fact, could well in reality… Continue reading Budget 2013 – Beggars’ budget
Smartphone rebate a foolish move
It will only enrich government appointed dealers, says PKR. SEREMBAN: The RM200 rebate for the purchase of 3G smartphones is an unwise move by Prime Minister Najib Tun Razak, said PKR. Najib announced the one-off special package, worth RM300 million, for youths aged 21 to 30 years and earning a monthly income of RM3,000 and… Continue reading Smartphone rebate a foolish move
Rafizi: One trillion ringgit GDP is Najib’s maths trick
PKR director of strategy Rafizi Ramli said the much-boasted estimation by Prime Minister Najib Abdul Razak that the Malaysian Gross Domestic Product (GDP) will surpass the one trillion ringgit milestone in 2013 is merely a “mathematics trick”. The accountant-turned-politician told a forum last night that the 2013 GDP is a nominal value measured in the… Continue reading Rafizi: One trillion ringgit GDP is Najib’s maths trick
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