#budget

'Many people have come forward, asking how to apply for this, what is the definition, and how to calculate the income.'

Gua Musang MP Tengku Razaleigh Hamzah sounds warning about polls danger for BN in Budget 2012 one-off cash payment plan.

 

COMMENT ‘The auditor-general's report will be released at some point and all the feel-good feelings will surely dissipate'.

MPs demand to know why it has not been released to them despite being ready weeks before Budget Day, and some states also having received their copies.

UPDATED 12.05PM The former prime minister said the government is killing two birds with one stone, in light of impending polls.

The prime minister's 2012 Budget is an 'election' one, relying on deficit spending and designed to buy votes, says Penang chief minister.

COMMENT The projected budget deficit of 4.7% of GDP, a reduction from the 5.4% in 2011, is probably not realistic.

PARLIAMENT The Rembau MP unleashes a barrage against what he claimed was lack of ‘precision’ in the Pakatan fiscal docments.

State BN leaders will only say that it is a ‘people’s budget’, meant for the rakyat. Winning elections is not the focus.

In addition, the DAP parliamentary leader was disappointed that the inequitable and corrupt systems in the country remained untouched.

Defence Minister Ahmad Zahid Hamidi said only two incentives in the 2012 Budget were identical to those in the shadow budget.

However, the Prime Minister's Department's operating expenditure continued to increase, from RM5.076bil to RM5.739bil.

BUDGET But the Economic Report 2010/11 states that at 53.8 percent of the GDP, the national debt is still within manageable range.

 

 

UPDATED 4.45PM Najib counters his critics with his upbeat assessment of a further deficit reduction.

UPDATED 3.25PM Najib says that the government has the money to live up to the hefty budget 2012 promises.

PSM says the Budget 2012 is a tactical move to triumph in the coming general election before reviving unfavourable policies.

COMMENT Najib’s Budget displays familiar defects of his leadership: it treats the symptoms and ignores the causes of our problems.

UPDATED 3.07PM Najib's Budget 2012 promises one-off cash bonuses straight into people's pockets; but does it stack against Pakatan's alternative?

The opposition’s economic experts see no elements of the PM’s much-touted 'transformation' in the budget.

FREE VOXPOP 'It is not about whether our civil service deserves pay rise. It is about why one in 10 is in the civil service.'