Malaysia Chronicle
Pakatan Rakyat leaders warned against Prime Minister Najib Razak's 2011 budget, calling it the "most irresponsible" and "ultra-kiasu" budget they have witnessed in years.
In particular, they took umbrage at the string of mega-projects announced, including the 100-floor Warisan Merdeka building to be developed by PNB at a cost of RM5 billion.
"This is ultra-kiasu funds management by Najib and the BN. RM5 billion can be used to build 12 university campuses. such a sky scraper is counter-productive and doesn't benefit the people. It only enriches the rich and crony contractors," Taiping MP Nga Kor Ming told Malaysia Chronicle.
High risk and huge debt
Kor Ming also took Najib to task for failing to display fiscal responsibility in his budget speech.
Pakatan Rakyat leaders warned against Prime Minister Najib Razak's 2011 budget, calling it the "most irresponsible" and "ultra-kiasu" budget they have witnessed in years.
In particular, they took umbrage at the string of mega-projects announced, including the 100-floor Warisan Merdeka building to be developed by PNB at a cost of RM5 billion.
"This is ultra-kiasu funds management by Najib and the BN. RM5 billion can be used to build 12 university campuses. such a sky scraper is counter-productive and doesn't benefit the people. It only enriches the rich and crony contractors," Taiping MP Nga Kor Ming told Malaysia Chronicle.
High risk and huge debt
Kor Ming also took Najib to task for failing to display fiscal responsibility in his budget speech.
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| Kor Ming - ultra-kiasu Budget |
"He may be trying to show off he can wheel and deal like former PM Mahathir Mohamad. But there is no detail plan to settle the RM400 billions national debt as stated in the proposed 2011 budget. It is note worthy that this is the consecutive 15 years of deficit budget since 1996," said Kor Ming.
"In the 10th Malaysia Plan, the government built 12 Uitm campuses for RM3.6 billion. Judging from the 15 years of continuous budget deficits, the BN is leaving nothing to our future generations but high risk and huge debt."
Other lawmakers were also upset that out of the total allocation of RM214 billion, about three-quarters was for operating expenses and a quarter for development purposes.
"In the 10th Malaysia Plan, the government built 12 Uitm campuses for RM3.6 billion. Judging from the 15 years of continuous budget deficits, the BN is leaving nothing to our future generations but high risk and huge debt."
Other lawmakers were also upset that out of the total allocation of RM214 billion, about three-quarters was for operating expenses and a quarter for development purposes.
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| Tian - irresponsible Budget |
"We are also not happy with the rise in operating expenditure. We should not be going for big government especially when a huge portion of the operating allocation goes directly into the PM's department and there is no disclosure on how he spends this amount. We hope he will not channel this amount into the BN's war chest for the coming General Election," PKR strategic director Tian Chua told Malaysia Chronicle.
Pakatan lawmakers also slammed Najib for increasing the service tax on cars to 6 percent from 5 percent.
"The national car protection policy continues to make Malaysia as the country which has one of the most expensive car pricing structures in the world. The imposition of 60% to 105% excise duty makes it a real burden for Malaysians to own cars. The increase of service tax from 5% to 6% will also post as additional burden to the consumers," said Nga.
16/10/10
Pakatan lawmakers also slammed Najib for increasing the service tax on cars to 6 percent from 5 percent.
"The national car protection policy continues to make Malaysia as the country which has one of the most expensive car pricing structures in the world. The imposition of 60% to 105% excise duty makes it a real burden for Malaysians to own cars. The increase of service tax from 5% to 6% will also post as additional burden to the consumers," said Nga.
16/10/10
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