Archive for April 6th, 2010
Najib adopting extraordinary construction methods – building his 1Malaysia house with roof first then pillars without floor as NEM Part 2 has been deferred further from 10th Malaysia Plan to third quarter of the year
Posted by Kit in Economics, Najib Razak, Parliament on Tuesday, 6 April 2010
(Updated)
1. Ballooning budget deficit – Parliament has been presented with two sets of supplementary estimates, the second supplementary estimates for 2009 totalling RM11.36 billion (i.e. RM8.98 billion for Operating and RM2.39 billion for Development), after the earlier first RM10 billion supplementary estimates and the first supplementary estimates for 2010 totalling RM12 billion for both operating and development.
We are debating the second supplementary estimates for 2009 Budget which will be followed by the debate on the first supplementary estimates fo 2010 Budget.
These two sets of supplementary estimates before the current meeting of Parliament are most surprising, as the country was told by the Prime Minister cum Finance Minister Datuk Seri Najib Razak when presenting the 2010 budget on 23rd October 2009 that the fiscal budget of the Federal Government had reached a peak at 7.4% of GDP in 2009, and that the fiscal budget is expected to decline to 5.6% of GDP in 2010.
With these two sets of supplementary estimates, Malaysia’s budgeting has again gone awry with the budget deficit in 2009 shooting to as high as 7.9 per cent of GDP in 2009 and over 7% in 2010.
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From PERKASA to pekasam?
Posted by Kit in Azly Rahman on Tuesday, 6 April 2010
by Azly Rahman
I am following with interest the development of the collaboration between non-governmental organisations and political parties. I try to analyse the role of local NGOs and international NGOs viz-a-viz the parties they augment or even sabotage.
In a free country such as Malaysia, we will see more of the interplay between hegemonic and counter-hegemonic forces as they deal with angelic or demonic political groups.
It is not easy to read this as we members of the public are always presented with perceptions in this endless game of invented realities. I wish Malaysians are by now well-equipped with the skills of critical media analysis and in political economics to engage in intelligent discussions on the politics of the day.
How would one read the media hype over Perkasa? How might one read Dr. Mahathir Mohamad’s patronage of this interesting group? How about the pledge by the retired and aged Umno leader to uphold the struggle on the rights of the Malays? How do these go with the neverending story of the present regime to hold on to power as the 13th general elections greet us?
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