Justice For All Malaysia

Nation cannot even survive on outdated budget,surely…

Posted on: October 14, 2008

Anwar calls for a fresh budget
Beh Lih Yi | Oct 13, 08 12:04pm
Opposition Leader Anwar Ibrahim today called upon newly-minted Finance Minister Najib Abdul Razak to table a new budget in the wake of the ongoing global financial crisis.


The (KeADILan) supremo said members of parliament cannot debate an “outdated budget” which was presented more than a month ago.

anwar ibrahim parliament pc on budget and najib 131008 04The budget was presented on Aug 29 by Prime Minister Abdullah Ahmad Badawi, who was also the finance minister then. The portfolio was then handed over to his deputy on Sept 17.

Last week, Abdullah also said that he would be stepping down next March to allow Najib to take over as prime minister.

Anwar’s budget speech today was his first as opposition leader. He was also a finance minister before his sacking from the government in 1998.

Debate on history or budget?

Debating on the budget this morning, Anwar questioned at the beginning of his speech if MPs should continue with the debate since the statistics cited in the budget had become “unrealistic” as a result of the latest global economic situation.

Citing the example of the fiscal deficit estimated at 4.8 percent for this year, he said the figure would balloon higher with the worldwide economic woes.

anwar ibrahim parliament pc on budget and najib 131008 01“If (Najib) is a real finance minister who is concerned (on the current situation), he should table a new budget,” said the Permatang Pauh MP.

“Are we going to debate on history or budget?” he questioned further, adding that at least a revised budget should be tabled if not a fresh budget.

He also criticised Najib for allegedly being more preoccupied with approving projects worth billions of ringgit without tender instead of concentrating on efforts to tackle the economic situation in the country.

Among the projects, he claimed, were the RM11.3 billion high-speech broadband project, the controversial Maybank-PT Bank Internasional Indonesia (BII) deal and the purchase of 12 helicopters worth RM1.5 billion from Eurocopter.

Anwar then sought Deputy Speaker Wan Junaidi Tuanku Jaffar’s advice whether he should continue with the debate or adjourn the proceedings pending a new budget to be tabled.

However, the deputy speaker asked Anwar to continue and advised the latter that he (Anwar) could read out the opposition’s alternative budget in the House if he wished to do so.

“Thanks for your confidence in us. We will table a new budget hopefully in a very short time (when Pakatan Rakyat takes over),” quipped the opposition leader.

During his speech, Anwar did not outline any specific budget measures from the opposition alliance which he leads.

‘Not even a single ghost is here!’

Pushing for a new budget to be tabled, Lim Kit Siang (DAP-Ipoh Timor) joined in the fray by citing the parliamentary standing orders to ask the current debate on the budget to be adjourned until the new budget is presented to the House.

anwar ibrahim parliament pc on budget and najib 131008 02The veteran politician also lambasted the conspicuous absence of any government leader from the finance ministry in the House to explain why a fresh budget should not be tabled.

“Why the total silence from the frontbench? Not even a single ghost is here!” said Lim in his trademark fiery tone, adding that should Parliament continue with the debate, it would be a laughing stock in the eyes of the world.

It is learnt that Najib was present in the Parliament building this morning but did not come into the Chambers. Second Finance Minister Nor Mohamed Yakcop meanwhile left the Chambers after answering a question during the oral question session earlier.

Nevertheless, the call for the proceedings to be adjourned was overruled by the deputy speaker. The debate continued in the afternoon with Anwar’s speech.

anwar ibrahim parliament pc on budget and najib 131008 03At a press conference at the Parliament lobby later, Anwar was asked to comment on premier Abdullah’s statement today that the country had not slipped into recession yet and could weather the global economic storm.

“My concern is that they are still in a state of denial,” the opposition leader told reporters.

To another question, he said he “saw no reason why any responsible MP could support such as irresponsible budget.”

Pressed on the question of whether he would table a no-confidence motion against Abdullah, Anwar answered: “For now, our focus in on the economy.”

Eight days have been allocated for the MPs to debate on the budget, to be followed by the reply from each ministry on points raised by the parliamentarians.


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Must Attend Program

Please go to this link: https://justice4allkuantan.wordpress.com/2008/10/25/invitation-public-forum-the-isa-and-the-police-reform-process-whats-next-after-pak-lah/
To sin by silence when we should protest makes cowards of people - Emily Cox

Siphoning EPF money

On 'Why should Valuecap borrow from EPF?' Syed Shahir Syed Mohamud: MTUC condemns the government's move to bail out Valuecap to support the local stock market using RM5 billion from EPF, as the provident fund is the custodian of the workers' money and not some sort of ‘automated teller machine' for the government.
If at all the EPF were to lend its money to the government, it has to be under the condition that there be transparency and accountability in the activities for which the money has been purposed. We want to know who is doing what with the money that belongs to the workers. This is the hard-earned money of the workers, their retirement plan. How is this bailout plan going to benefit the workers? We also question the reason for this bailout. If the economic fundamentals in Malaysia are strong and reserves sufficient as has been stated several times by the government, then why is there a need to offer so much money to the GLCs? Second Finance Minister Nor Mohamed Yakcop should prove how the EPF would profit from this loan. Bernama had reported that Nor had given the assurance that the loan given out by EPF would reap profits for the fund judging from Valuecap's past performance. But where is the paperwork and calculations to show that this move will benefit the EPF? MTUC is concerned that the loan might be mismanaged or misused and this, in turn, would affect the returns for the contributors. Mere assurances are not enough. We want to proof that this RM5 billion will not go down the drain. (The writer is president, MTUC). Sharyn: The government wants to use our pension money to prop up the Malaysian stock market which is the playing field of the rich people. If so, the government must ensure that the EPF account holders - who are predominantly the poor to average citizens of Malaysia - be guaranteed all of our pension money with a compound 8% growth (interest). It's so selfish and sick of the government to use the poor's pension money to help the rich to make more money with all the risks taken by the poor/average citizen. We can better use the RM% billion loans to Valuecap for our children's education, shelter, medical bills etc. Why not get those rich people to prop up the share market instead? Why should they park their money overseas and gamble with our EPF money instead? Kumar14: Who is behind this Valuecap organisation? Why suddenly, this separate entity is allowed to access funds from the EPF? Are they capable enough to handle it or is it just another desperate and blind move? It has been a very infamous trend where the people's funds are channeled to a company for investment purposes and suddenly POP! the funds disappear and there is nobody to be held responsible but a RM2 shell company. Charge who? Sue whom? The RM2 company (just a registered name)? We have seen this many times. People in power and with connections allow such things to go through and reap/rob the people's wealth and then blame it on organisations which actually don't exist. What if a lot of EPF funds are looted via such scams and nobody is to be pointed at? Where will the government get the funds to replenish the EPF? The people are very bored, disappointed, angry and frustrated at seeing all these dumb and unaccounted for measures being allowed by the government with lame excuses. Please, somebody verify the true purpose, integrity and capability of anybody attempting to use the people's fund.

Raja Petra

Photobucket Ihsan dari blog Go!Malaysian http://gomalaysian.blogspot.com/


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