Monday, October 10, 2011

how budget 2012 benefits me?

After i read the Malaysia Budget 2012 plan, i want to know how our government plans and takes action to implement them? Our fellow BN politicians said this is by far the best Budget plan ever, with so much incentives and benefits to be given to public. Yes, it is for public but not for everyone. It is purely just for the sake of election victory and get the most votes from those directly benefited. One very large group will be from the government servants:


1. Civil servants get pay rise between RM80 to RM320
2. 600,000 Govt pensioners will benefit from an additional annual pension increment of 2%
3. Govt will extend the compulsory retirement age from 58 to 60 years old to optimise civil servants’ contribution
4. Civil servants will be offered tuition fee assistance for part-time studies, including 5,000 masters and 500 doctoral scholarships
5. A special programme will be introduced for 175,000 army personnel who are not eligible for pensions
6. RM3,000 will be given to ex-members of the special constable and auxiliary police as well as widows and widowers

Second group will be those from rural areas, poor:
1. To provide greater access to bank services for the rural population, Bank Simpanan Nasional will appoint agents in rural areas
2. RM90mil for the Orang Asli for basic necessities, including the expansion of the clean water supply project. For the Orang Asli affected by the landslides at Sungai Ruil, RM20mil is provided for their relocation to new homes
3.  Govt will establish the Special Housing Fund for Fishermen to build and refurbish houses
4. 500,000 will benefit from KAR1SMA, which provides assistance to poor senior citizens and children and disabled people
5. RM5bil to develop rural infrastructure, including RM1.8bil to the Rural Road Programme & Village-Link Road Project

The PM also proposed few incentives to keep the economy growth going:
1. Government will allocate RM978mil to accelerate the development in five regional corridors
2. develop the Kuala Lumpur International Financial District, with incentives including income tax exemptions for firms
3. RM18bil of the RM20bil PPP Facilitation Fund will be used for high impact projects, with RM2 billion for bumiputera entrepreneurs


Sadly, as usual the education and science/research development is always the one be ignored. Surprisingly, this year, less budget allocated for healthcare services. In fact, to push the economy to be progressively well, the plan should propose more targets on how to attract the foreign investments or to generate the income. Few things are missed:
1. How to encourage the small-medium entrepreneur to grow business?
2. How to generate income from agriculture (as that's the main sector from larger population of rural areas)?
3. How to improve the minumum wages of worker? How to control the incoming of foreign employees, mainly from Indonesia?and etc.


I don't know how our PM defines how good is our country's economy, but definitely with the increasing debt that we have, having a budget plan that proposes "more sweets" for public, then ignoring how to generate income, is very dangerous. We don't want to be next Greece!


 

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