1. For 2½ hours I sat down in my seat at the Dewan Rakyat listening to the Minister of Finance’s budget speech.
2. It was amazing. It was the biggest ever. For operation and development the Government will spend 322.5 billion altogether.
3. I am not a financier. These big figures are mind-boggling. It seems that the Government will be putting money in the pocket of everyone, rich and poor, employed and unemployed.
4. The question that I would like to ask is where the money will come from. The deficit is said to be about 85 billion Ringgit. It is bigger than the development budget of 69 billion.
5. We know that the COVID-19 pandemic has affected the economy badly. Although the glove industry has done well but Petronas and Tourism, the two biggest contributors to Government revenue, have done very badly.
6. All other industries have suffered badly. I don’t think income and corporate tax would amount to even 2/3 of the normal figures during normal times.
7. It is expected that vaccines would put an end to the pandemic. The industries, trade and business will recover. But can they recover fully so as to achieve a Gross Domestic Product (GDP) growth of 7.5%. Just think. From a shrinkage of 4% to growth of 7.5%, the recovery would be 11.5% – fantastic.
8. From the complaints I hear from the business community mere approvals would take more than a year. That means there would be practically no inflow of investment funds in 2021. Certainly, there would be no profits made, or taxes paid to the Government. Even local investors will meet with these delays.
9. Policies don’t grow economies. Only implementation will do so. I know of cases where multi-billion Ringgit projects have been delayed for years. If the investor pushed, he is likely to face even longer delays.
10. So don’t expect restarting or launching new industries to begin on the 1st of January. The rosy picture of immediate recovery once the COVID-19 pandemic is overcome is not going to happen. The pandemic would not end on new year’s day.
11. I suppose the Government will have to borrow to implement the budget. This is estimated to increase Government debt to 1.3 trillion. That is a lot of money. If you fail to service loans, you may be bankrupted.
12. I can understand the need but we can still prune the operation and development costs. In the last 15 years salaries had been increased at very high rates – as much as 25% each time. Ministers and members of parliament had been given numerous allowances. Such is the increase that everyone is keen to be members of Parliament and Ministers. Nothing will make them part with their position. Even when their leaders commit crimes, they will support them. Giving up their posts would deprive them of so much money. Principles don’t count anymore.
13. It is perhaps better to make these posts less lucrative.
14. This pandemic is affecting the poor the most. Those who have lost their jobs and the small traders have no income at all. They earn today for today. If they don’t then they will have no money to buy food even. They will starve.
15. On the other hand those who are paid high salaries continue to earn more than their daily needs. Of course, those who are paid high salaries, such as airline staff and business executives may also lose their jobs.
16. Dato Seri Shafie Apdal had suggested that Ministers should have their pay cut by 30%. That is a big figure. I think people earning high salaries in the Government or private sector should forgo 10% of their salaries. It is a sacrifice but I don’t think it would hurt them if there is a reasonable cut off point, say RM 20,000 p.m.
17. The money should be used to provide food to the unemployed and those without income.
18. Back to the budget. While the economic situation requires more money to be spent by the Government, the pandemic also affects the revenue for the Government.
19. When business do not do well, they would pay less tax to the Government. Indeed, when they fail to make profits, they would pay no taxes to the Government.
20. Government revenue must shrink during this pandemic. But the Government needs to offer stimulus packages. That cost a lot of money.
21. Additionally, Government has to service loans and also reduce the principals. For this RM35 billion would be needed. Total charge expenditure is RM72.3 billion or 30.6% of Operating Expenditure of RM236.5 billion.
22. I must admit to being frightened. It is a behemoth of a budget but can we raise the money to finance it. Government debt will be RM1.3 trillion. How do we pay.
23. The budget is for the Year 2021. The expectation of economic recovery is too optimistic. I can think of lots of other things which can be done to lower cost and increase income. But I suppose the Minister of Finance has considered all of them.
24. What is a fact is that most people are not happy. That is shown by their reaction.
25. I hope this budget would be modified in order to become more realistic. Then we can support it. We need not be bribed for our support. We do not want to precipitate a crisis.
28 thoughts on “THE 2021 BUDGET”
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Tun
As I have been saying for months that the Government should raise at least RM 250 Billion + RM 150 Billion as firing power to deal with the Pandemic and the downturn in the economy, we are now faced with the following headlines, thus
1. ” MINISTER: WE REQUIRE MORE FUNDS IN THE EVENT OF A FOURTH SPIKE OF THE CORONAVIRUS. ” The Star.
2. ” MALAYSIA FACES REVENUE CRUNCH. ” Singapore Straits Times.
3. ” OVER 2,000 INFECTED COVID 19 CASES TODAY.” Malaysiakini
These headlines are already history concerning both the preparations to raise more funds and the daily infected Coronavirus cases by the thousands which are now emerging.
Eventually, the 32 Million population will have to be educated en mass that they are the FRONTLINERS NOT THE HOSPITALS. Therefore the Rakyat have to protect themselves with masks, wash hands after going out, social distancing, avoid crowded places and obey Government directives. This application of standard epidemiological methods concerning mass education are already 9 months too late.
Not only that, our economy is in shambles because of the Pandemic and other extraneous causes, the Government must have adequate financial resources to ameliorate the sufferings of the Rakyat. Anything less will not do because all countries are making strenuous efforts to ease their citizens sufferings. In crises, the banks are always the weakest link in the economy.
Malaysia Boleh tun as always. No problem.
In Malaysia, you pay Tax before you have even earnt anything. It is all based on estimates. Then the Government will pay you the delta.
This is very bad business policy. It removes cashflow from businesses to invest before even earning a cent….
It makes absolutely 0 sense in having this policy if it not were the Government to take the money upfront first to feed its corrupted dedak eaters.
These decsisions are why Malaysia is heading down a very dangerous anti-business pathway.
Salam YAB Negarawan Ulung Tun Dr. Mahathir,
Ramai jatuh miskin selepas persaraan
https://www.sinarharian.com.my/article/109800/BERITA/Nasional/Ramai-jatuh-miskin-selepas-persaraan
Sepatutnya kena beringat – “sediakan payung sebelum hujan”. Semasa muda, sihat, dan bertenaga mesti berdisiplin untuk menabung dan melabur dengan bijak.
Malangnya banyak yang lupa diri semasa ada WANG – boros. Sama perangai dengan bekas PM, Ah Jib Gor yang boros, dan sekarang PM Darurat @ TSMY pun sama perangai, iaitu boros tahap gaban. Ke sana ke sini sibuk menyogok wang dan jawatan. Sebab itulah saiz Kabinet amat besar – PEMBAZIRAN. Duta-duta Khas bertaraf Menteri tidak perlu!
Perangai boros memang sukar diubah – tiada disiplin diri.
Satu tragedi besar bilamana seseorang sudah bersara @ tua, tetapi tiada wang yang mencukupi untuk menampung diri sendiri; kalau ada penyakit kronik lagilah merana (orang tua selalunya berpenyakit). Lagi parah jika perlu bekerja untuk menyara kehidupan di hari tua. Pok-pek pok-pek bising marahkan orang lain pun tidak berguna sebab diri sendiri yang salah.
Bekas PM yang telah disabitkan kesalahan (penjara 12 tahun dan denda) makan rasuah dan salah guna kuasa sibuk meminta untuk KWSP membenarkan pengeluaran sebanyak RM10,000 (maksima) dari Akaun 1 dalam Belanjawan 2021. Orang sebegini pendek akal – tidak memandang jauh ke hadapan.
Menteri Kewangan bekas orang bank. Dia ingat Malaysia pun macam BANK. Bank tidak perlu bimbang tentang pemberian BANTUAN PERCUMA kepada rakyat dan lain-lain keperluan rakyat. Seperti saya katakan, kita mesti berbelanja berdasarkan pendapatan (revenues). Dalam keadaan krisis wabak Covid-19 dan krisis ekonomi, kenalah belajar hidup susah.
Belanjawan 2021 mesti fokus kepada KEPERLUAN (needs), dan bukannya kehendak (wants).
Jika masih sama, Belanjawan 2021 wajar ditolak.
Terima kasih Tun.
– Semoga Allah SWT sentiasa merahmati Tun sekeluarga –
sambungan
Bab2 travel ini memang ramai trauma. For example my cousin sister memang kena travel outstation tiba2 PKP so flight ticket kena cancel, hotel booking kena cancel. Nasib baik boleh dapat balik duit. So sekarang dia kena pantau sales team dari HQ. Itulah I kata kena reset balik. New norm.
My husband also dulu kena travel outstation service clients. Now tak boleh lagi. So dia pun ambil order hantar kat clients pakai delivery service. Itu pun reset juga. New norm.
Kalau Tun tanya I, apa business kencang ligat during COVID 19, tentunya delivery services. Hah satu lagi SMS. Entah apa2 SMS orang pencen macam I dapat. Kejab2 gomen, kejab2 bank, kejab2 god knows where.
I also think budget untuk Health penting, sebab kawan I dulu kerja badan berkanun tapi tak juga dapat ubat semua free. Yang mahal kena beli sendiri. As a matter of fact, anak perempuan I kata, memang dari dulu hospital kerajaan ubat sentiasa kurang. My experience pun sama dari zaman Najib dah ubat kureng, masuk time Tun ngan PH lagi teruk, kertas pun takde, sampai I merajuk.
sambungan..
Oh ya berkenaan yang kerja rumah ramai yang sihat whereas yang sakit tak ramai. The objective sebenarnya nak putuskan rantaian COVID 19. Yang kerja di rumah setau I, memang buat kerja. Even hubby I pun pi kerja hari2 tapi sekerat hari. Dia ada pelepasan untuk pergi pejabat. Moreover opisnya bukan ada ramai staff, kalau tak silap ngan boss, 3 orang sahaja.
Even my cousin sister pun kerja opis semula. At times kena jaga booth dalam shopping mall bila tiada staff jaga. Kena tengok apa kerja you dan dimana you kerja.
I ada juga kawan2 dan jiran2 yang kena kerja rumah. GLC pun ada. Mereka buat kerja, kalau boring yang perempuan memasak. Ada masa mereka juga pergi opis tapi bukanlah selalu.
Tun M
Bukanlah selalu tak setuju dengan Tun tapi kali ini I think pendapat Tun agak reasonable tentang budget 2021.
I memang melihatnya sebagai budget yang besar, dimana semua orang kena kerja kuat selepas ini, kalau tak mau Malaysia bankrupt. Then again, budget ini dibuat oleh Minister of Finance yang datang dari Investment Bank so dia tau cara ini terbaik untuk tangani masaalah yang Malaysia hadapi sekarang. Rata2 analyst kata budget ini bagus untuk Malaysia. Yang always tak setuju adalah opposition plus you know who punya gang.
I setuju dengan Tun yang Minister terlalu ramai, harus dikurangkan. Especially those from party yang kuat sangat membangkang. I juga setuju pemotongan gaji untuk T20 upwards. Anyway berapa keratlah ada lagi T20 ini. My son dah no longer dalam group ini. And most pilots pun dah tak kerja lagi. Their income I dengar minimum pun 20K sebulan.
I setuju MPs harus potong gaji. Sebab kerja pun kureng. Cuma jadi couch potato dan armchair critic sahaja. Ini termasuk Tun dan gang juga, ya. I ingat dulu I pernah suggest disini, potong gaji Ministers dan MPs bila Malaysia dihebohkan banyak hutang tapi baru sekarang nak guna pakai.
I juga setuju dengan CAP dimana duit EPF jangan sentuh. Reasoning gomen betul, sebab EPF duit simpanan hari tua, therefore duit you untuk hari tua, whereas bantuan prihatin diberi adalah duit gomen. If ramai tak faham la.
Kalau masih tak cukup nak joli juga macam yang tukang suggest, tak tahu apa I nak cakap lagi. Yang banyak duit EPF adalah golongan T20 yang lama bekerja, mungkin boleh beri kelongaran sebab simpanan mereka agak banyak. A/C 1 dan A/C 2, I anggarkan tentu agak banyak.
Tapi yang problem sini, usually yang nak sangat keluar duit EPF adalah golongan yang dah tak contribute dalam EPF or ada sikit duit dalam EPF. Some of them nak EPF macam Tabung Haji boleh keluar duit bila2 masa. Golongan gini kalau masuk Private Retirement Scheme pun nak cepat keluar duit. But PRC ada penalty kalau nak keluar duit sebelum time.
Just saying!
ARE YOU REFERRING TO TONY FERNANDEZ, TWINPEAKS?
IT WOULD BE BEST TO TELL HIM NOT TO SET UP AN AIR ASIA DELIVERY COMPANY TO MAKE PUTRAJAYA LOOKS BULLY AND DO NOT FOLLOW RULE OF LAW.
THE BAD NEWS IS 2 YOUNG MAN AND WOMAN WERE BURIED ALIVE IN THE RESORT BUILT IN FRONT OF THE SLOPPY SLOPE DUE TO SOIL EROSION CAUSED BY FLASH HEAVY RAIN FALL WHICH COULD BE AVOIDED WHEN STRUCTURE DRAINAGE IS INSTALLED IN TAMBUN RESORT, PERAK, UNDER TOURISM MALAYSIA BOARD.
THE UGLY NEWS IS MB, PERAK, STAY SILENT WITH PAS LEADER FROM PERAK MAKING STATEMENT OF BIADAP TO BINTUTU MP, WHO HOLDS SPECIAL TITLE TO CHINA.
THE EVIL NEWS IS TAK DA OLANG PEDULI PUN SINCE SIBOTAK EPF LAWAN SIBOTAK ZAKAT, TAK GITU?
AM I BEING RACIST, BIADAP, KURANG AJAR?
IT IS NOT A SECRET ANYWAY.
TO BE OR NOT TO BE, THAT IS NOT THE QUESTION.
ABLE OR NOT, WE WILL FIND OUT AS WE MOVE FORWARD.
WHY?
WHAT WILL HAPPEN, IT WILL HAPPEN.
WHAT WILL NOT HAPPEN, IT WILL NOT HAPPEN.
WE CANNOT CHANGE THE PAST, WE CAN ONLY IMPROVE AS WE MOVE ON.
EITHER WE LEARNED, OR WE DONT.
P/S: ROMAN EMPIRE WAS NOT BUILT IN ONE DAY, BUT ROMAN EMPIRE WAS DESTROYED WHEN JAGUH KAMPONG IMPLEMENTED GST SECARA BULI-BUTA KERANA MEREKA BOS.
Crooks and Karma.
In my view, Karma does not only apply to a crooked mind, but to an entire race of people too. For instance, if that race has a culture of doing things the lazy way, of earning on the backs of a more industrious race, if a country does nothing that resembles what an industrious developed country does in order to get to where it is, if a family has parents who like to steal and cheat their friends either at work or not, then sooner or later, their gods (whether of Islam, Buddhism, Christianity, Judaism, Hinduism, and even pagans) who have eyes that ordinary people don’t, will write these mortal bad deeds in their proverbial big accounting ledgers, and deliver the punishments known as Karma. The backlash may happen in the form of an inexplicable miserable life on earth for the offenders, and even passed down the offenders’ future generations.
That’s my simple view. Do good, and good will come to the person, family, race, country. Do bad, and bad will come to them.
That includes Malaysia and the Malays. Everyone.
Dearest Tun,
Crooks attract each other from The Tales of Two Countries..
Apa kaitannya Borat dengan King Najib dan tahukah anda di belakang Najib ada dua wanita gagah perkasa “Don’t play-play they can hurt you”.. Sejauh mana anda mengenali besan Najib dari Kazakhstan? Menarik ceritanya tontonilah..
Ikuti juga pengalaman anak2 muda dari Malaysia mengembara ke negara2 Stan dan singgah di Kazakhstan.
Mohon subscribe PRIHATIN TV jika channel youtube kami memenuhi citarasa anda..
Borat Vs Najib Razak.. https://youtu.be/w3Qj_KcBvyY
Thought of writing about Tun M Vs Muhammad Ali or Tun M Vs Khabib Nurmagomedov
Need some feedback here.. tq
I think ada ramai social media attention seekers. If followers ramai lagi bagus. To get followers kenalah berita sensasi kan.
Bila nak create my blogs samada wordpress atau blogspot my attention always about sharing news yang I tau untuk yang belum tau. Sedikit sebanyak memberi pendapat.
Samada blogs ada followers atau tidak, actually tidak penting sangat. My blogs pun for free, I tidak bayar apa2. I beritau kawan2 tak payah la nak promo my blogs. Sape2 nak datang, datang lah.
I think ramai suka cari salah, sebab nak attention kat social media. Sekarang masks pulak bising, sekolah tutup pun bising, semua pun nak bising, tak nak ketinggalan budget 2021 pun mesti bising macam Tun M dan gang, kalau Dr Hisham sedih dan letih maka dituduh pulak takut mati. On and on. Baik layan my blog https://whims2016.wordpress.com/
Salam Dearest Tun Dr. Mahathir,
Tun wrote: “I think people earning high salaries in the Government or private sector should forgo 10% of their salaries.”
Congratulations Tun for forgoing 10% of Tun’s pension to help the poor / needy.
Others should follow suit, especially those with salaries (some earn salaries from many different sources) exceeding RM20, 000.
Just REJECT the 2021 Budget if it still maintains allocations for unnecessary, unimportant, and ridiculous activities / divisions / departments / events/ etc. For example, more than RM80 million is allocated for reviving JASA, propaganda tool for the Government.
From what I read, the Oppositions (now in the Government) rejected the 2019 Budget and 2020 Budget tabled by PH, but both were approved because PH had the majority support in Parliament.
The basic rule is, “we must spend within our means” (if we want to avoid future problems).
Tough times require tough measures. Please learn to be more frugal / prudent in spending (for those affected by the Covid-19 pandemic).
P/S: Personally, like Tun, I am not affected at all (financially / economically) by the Covid-19 pandemic.
Thank you Tun.
– May Allah SWT bless Tun and family –
Why Malaysia do not need to buy Covid vaccines
Containing the Covid has its benefits.
Countries who cannot contain the virus will need to rely on vaccination. But what if we can contain the virus?
Just as Malaysians do not need flu jab unless we travel, Covid vaccine should be avoided unless needed.
Make covid vaccination only for Malaysian who wants to travel abroad. And for travellers who comes into Malaysia.
mRNA based immunity should only be used if outbreak cannot be contain because its assist a form of genetic modification although it’s a break- through in modern medicine.
It was initially used for cancer patients.
Without over reliant on Covid vaccination, we save billions.
I believe our Health Ministry has done a good job lately and we will contain the virus until nil. I believe we can.
When that happen, we can remove social distancing and the use of mask.
In meantime, keep our Covid vaccine purchase to a minimum.
Thank you
Dear Tun,
Clearly this budget is far from its purpose. There is a few important things that is not emphasized enough i.e
1. Policy reform to ease foreign and local investment. Time to torn down all barriers as we all know it is business that create employment.
2. More tax incentive for local travelling to assist the tourism industry and maintain employment.
3. No big investment in the ICT sector and MSC need a big boost to return to its glory days and create new jobs.
4. How about more investment in the new economy such as electric cars to open up new sectors and create new jobs.
5. Windfall tax is not imposed on glove makers to assist the nation coffers. Instead money is channel to Jasa.
Tun, please dont support this cincai buat budget.
Yours truly,
Fan of Chedet
KINI, FROM SRI SENSE’S LINK, RPK CAN AJAK BINCANG DGN WAR GOR ALSO CAN, KAN TAKDA OLANG PEDULI PUN.
HE..HE.. HELANG?
HA..HA.. HAWK?
EVEN ANAK POLIS DIRAJA MALAYSIA @ BUKIT AMAN IS HIGHER RANK THAN THOSE POLIS KADET DI TAHAP NEGERI.
AKU MARAH SANGAT, AUNTIE, AKU MAHU TUMBUK POLIS ITU YANG RUDE KAT I KAT, WOODLAND.
SABAR DIK, THE POLIS IS DOING HIS JOB, AND YOU LAGI CANNOT LEPAS GERAM TO MAKE PDRM AT BUKIT AMAN LOOKS BOSSY DAN BULLY LOR.
DUGAAN HIDUP DIK.
BETUL JUGAK, AUNTIE.
😂😂😂
Assalamualaikum, Tun.
Alms money should be flown to the needy. In real fact, we can see those who are not entitled to got it! Ministers also admitted so. Is it right?
We witnessed what Tun and Dato’ Seri Anwar debated. Both have given very solid grounds for review.
Just bear in mind, we need to save –
– tourism operator and workers
– taxi drivers
– private sector SMEs which are cash-strapped
– film industry players and actors/actresses
– aviation industry players and their workers
– jobless ones
– those encountering massive pay cuts
– those working but not drawing pay as bosses run dry of funds
– affected retail sectors
In the end, we can see Wakil Rakyats of a particular state requesting for pay rise, civil servants who have stable jobs with the Government enjoying alms money, GLCs top guns having comfortably easy life, with posts held by politicians etc.
What has happened to this country?
Assalamualaikum, Tun.
It’s fair for the Government to scrutinize and adopt economists’ ideas, not rushing for Budget approval.
The Government needs to take a far-sighted approach, which is objective-minded, objective-orientated, needs-minded and also considering pros and cons in the long run. Unlike US, which can print notes with QE Policy, we borrow and incur heavier and heavier debts.
Of course, those getting alms money are most happy to say “thank you” and support, but are they really thinking of future? Do you want a stable job, to sustain in-flow of employment income, or merely alms money of RM1.8k at most, which is one-off?
Bagus juga tulisan RPK ini
Politics Is About Perception And The Vibes From Umno Is Negative
https://www.malaysia-today.net/2020/11/09/politics-is-about-perception-and-the-vibes-from-umno-is-negative/
Correction: ASYIK NASI LEMAK, TEH TARIK, ROTI CANAI, AUNTIE MACAM I PON RASA MUAK WITH THIS KIND OF FORCE LABOR VIA IMPORT PERMIT WHEREBY THESE LOW SKILLED WORKERS FROM INDIA CONTINENT NEED TO WORK 24 HOURS NON STOP WITHOUT RESTING JUST TO FULLFILL THEIR BANANA LEAF, NOT BANANA REPUBLIC, AKIN MAMAK RESTAURANTS SO THAT EVERYONE CAN FLY CHEAPLY.
THERE IS NO GOING BACK, THE ONLY WAY OUT IS TO CHANGE OUR MINDSET SO THAT WE TOO CAN ADAPT TO THE FUTURE UNKNOWN, UNCERTAINTIES, BEYOND OUR CONTROL.
JUST BE READY, AND BE PREPARED, AND NEVER TAKE THINGS FOR GRANTED BECAUSE NO ONE KNOW WHAT WILL HAPPEN WHEN THE NEXT PERDANA MENTERI AND KABINET SWORN IN WITH THE MENTALITY OF MAN PROPOSED, GOD DISPOSED AGAIN.
ADA, FEEL BLESSED, AND KEEP FIGHING, I MEAN, WORK HARDER TO FULLFILL YOUR DREAM, OBJECTIVES IN LIFE OR AMBITION WITHIN RULE OF LAW.
TAKDA, FEEL BLESSED, DONT GIVE UP, KEEP FIGHING, I MEAN, WORK HARDER TO FULLFILL YOUR DREAM, OBJECTIVES IN LIFE OR AMBITION WITHIN RULE OF LAW.
IN HERE, I WISH YOU ALL THE BEST, AND MAY ALL YOUR WISHES FOR MALAYSIAN MALAYSIA COME TRUE IN UPHOLDING MONARCHY CONSTITUTION AT NATIONAL AND STATE LEVELS TANPA PILIH KASIH.
THANK YOU.
I ALREADY SAID, THERE ARE NO SECRETS IN POLITIK TANAHAIR.
IF YOU ARE CONFUSED, REFER TO BUDAYA BARU, THEN, YOU WILL KNOW WHATS GOING ON.
BUILD BACK BETTER, OR SHARE BACK BETTER, BOTH PERJUANG DAN PENDEKAR MELAYU ISLAM NEED TO DECIDE BEFORE NEXT PRU KICKS IN.
ASYIK NASI LEMAK, TEH TARIK, ROTI CANAI, AUNTIE MACAM I PON RASA MUAK WITH THIS KIND OF FORCE LABOR VIA IMPORT PERM WHEREBY THESE LOW SKILLED WORKERS FROM INDIA CONTINENT NEED TO WORK 24 HOURS NON STOP WITHOUT RESTING JUST TO FULLFILL THEIR BANANA LEAF AKIN MAMAK RESTAURANTS SO THAT EVERYONE CAN FLY.
OBVIOUSLY, DLL KAUM PUN IKUT RENTAK SAJA WALAUPUN MEREKA BUKAN MELAYU, BUMIPUTRA, INDIAN MAHUPUN MUSLIM.
ALAHAI, KAUM BABI CINA PULAK DISALAHKAN PULAK.
THIS BUDGET IS NOT AN ELECTION BUDGET NOR A BUDGET TO GET RICH OVERNIGHT.
THIS BUDGET IS THE CONTINUATION TO REVITALIZE NATIONAL BLUE PRINT WHEN IT WAS DISRUPTED DUE TO THE FAILURE OF GST IMPLEMENTATION BY THE SO-CALLED JAGUH UMNO WHO PUT THEIR PERSONAL INTERESTS ABOVE THE PEOPLE, LOCAL DIRECT INVESTMENT AND FOREIGN DIRECT INVESTMENTS.
THE REST IS HISTORY.
JUST DO NOT GET OVER EXCITED OR OVER DEPRESSED WITH POLITICS DURING THIS WORST PANDEMIC, JUST WEAR MASKS AND FOLLOW SOP FROM MOH, THE REST OF THE OBSTACLES AND PROBLEMS, LET NATIONAL SUPREME COUNCIL TO DECIDE WHAT SHOULD BE DONE.
DO NOT RUSH, AND JUMP INTO THE WRONG CONCLUSION, AND GET YOURSELF HURT.
THANK YOU.
VERY SUSAH TO TALK EFONOMIC AND SECURITY SENSES AT MACRO AND MICRO LEVEL WITH THESE SO-CALLED ONE SIDED HARDCORE SUPPORTERS IN HERE WITH THE MENTALITY OF MAN PROPOSED, GOD DISPOSED, ATAU, KENAPA BELIAU BOLEH, KENAPA AKU TAK BOLEH.
KINI, JIB GOR AJAK BINCANG DGN LID GOR.
IN MOSQUE, OR OUTSIDE MOSQUE, SUSAH NAK DIKATO.
THIS BUDGET WILL GO THROUGH EVEN WHEN THE BLOG OWNER REJECTED OR ASKED FOR AMMENDMENT.
WHY?
WHEN YOU GET CONFUSED, JUST REFER TO 5 PRINSIP RUKUN NEGARA, THEN, YOU WILL BE ALRIGHT.
Salam YAB Negarawan Ulung Tun Dr. Mahathir,
Saya sependapat dengan Tun. Tun bodek sayakah? Hehehe… 🙂
Hahaha…Kelakar betul. Yang dok pok-pek pok-pek merapu meraban marahkan Tun sebab pasaran saham merudum nampaknya sudah tersangat berpuas hati dengan keadaan pasaran saham di bawah PM Darurat.
Darurat pun daruratlah….
Kalau negara musflis (bankrupt) sebab hutang tidak mampu dibayar apa-apa perniagaan pun terjejas. Saya ada tulis sebelum ini kalau negara muflis semua orang susah, sebab untuk guna duit sendiri pun kena sekat. Kad debit/ kredit dihadkan penggunaannya – mesin ATM dihadkan pengeluaran wang.
Lagi satu orang / Negara yang berhutang akan terpaksa BERGOLOK-BERGADAI.
Banyaklah aset-aset strategik yang akan digadai dan dilelong. Banyaklah yang merempat di negara sendiri…
Tun dan PEJUANG wajar tolak saja Belanjawan 2021 jika banyak pembaziran berlaku dan tidak realistik serta tidak berpijak di bumi nyata.
Dalam berita pagi ini saya dengar yang ADUN dan EXCO Kelantan bakal dapat kenaikan gaji di antara RM3,000 – RM5,000. Wow! Dalam keadaan pandemik COVID-19 mereka sibuk mengenyangkan tembolok mereka sedangkan rakyat Kelantan banyak yang miskin dan fakir…Inikah dia parti Islam? Fikirkanlah…
P/S: Kesian pula mendengar ada orang yang kuat bekerja tetapi masih mengharap wang sedekah BPN/ BPR /dll. dari Kerajaan Tebuk Atap. Takkanlah kuat bekerja, tetapi masih lagi mengharapkan segala macam ‘dedak’ dari Kerajaan Tebuk Atap…Alahai…
Terima kasih Tun.
– Semoga Allah SWT sentiasa merahmati Tun sekeluarga –
Export-led Budget.
Just overnight, Pfizer the drug maker announced that it should get US regulatory approval for its Covid-19 vaccine before year-end, and US treasuries yields increased.
The way I see it, the government should look forward to a weakening Ringgit very soon that will enable the economy to export its way out to raise next year’s growth. The vaccine will spell the end to the pandemic controlled movement and allow a gradual re-opening of the country’s two main gateways (KL and KK) to international tourism. Crude oil price will see a quick turn-around too with the re-opening of the global economy.
The government could end up with a surplus instead of a deficit Budget when reviewed later(!)
Tun,
I am in full support of your observations and recommendations to improve Budget 2021.
To me, the Budget 2021 is a give-away money Budget involving small amounts of money for the multitude and dollops of money for the selected few, thus
1. The RM 400 Million ‘donated’ by the glove manufacturers is peanuts and smacks of opaqueness. A more reasonable figure is RM 1+ Billion.
2. You are absolutely correct on the sky high salaries of the executives. Strangely, no one aped the Government of Singapore which Ministers took a hair cut long ago. Some brain-washed Malaysians used to sing in justification of the corrupt GLCs, ” What is good for Singapore is good for Malaysia! ” Followed by ” GLCs make Money for the Malays ! ” The corrupt GLCs certainly did make money for a very few Malays !
3. Why JASA gets RM 83 Million and the artists RM 10 Million defies my logic ? Not forgetting as a Government, the loss of a possible RM 600 Million from the glove manufacturers + JASA RM 83 Million + Artists RM 10 Million add up to an UNPRODUCTIVE RM 693 Million. Just these three items alone. As our beloved Tun Dr Mahathir suggested the executives 10% haircut for only 12 months in favour of the lowest ranks of our society is justified.
4. The Ministry of Health and the Universities and Colleges need proper subsidies to keep pace with the World for their patients or students.
5. NOTHING WAS PROVIDED FOR THE IMPORTANT AND VITAL TOURIST INDUSTRY WHICH SHOWED THE LACK OF UNDERSTANDING OF THE ROLE TOURISM CONTRIBUTES TO THE ECONOMY.
It is a given that all countries need tourists to fill their foreign exchange coffers – an easy industry to create much foreign money arising from the simple task of just recycling thousands and thousands of tourists through a country with an industry which has a multi-plier effect besides employing thousands of workers.
Yet, the Budget 2021 missed the forest from the trees !
How can this be except for the fact that this chapter on practical economics was missed ?
Today, no country in the World can ignore tourism and its tourists ! Japan just recently mounted a strong campaign to promote domestic tourism ! WHAT IS GOOD FOR JAPAN IS GOOD FOR MALAYSIA ?
6. There was mention that the domestic consumers will contribute to the recovery of the economy.
THIS CRISIS IS NO ORDINARY CRISIS. IT IS A TREBLE CRISES BEING THE MICKEY MOUSE LEADERSHIP CRISIS OF MALAYSIA, THE COVID-19 VIRUS CRISIS AND THE SOCIO-ECONOMIC CRISIS, all Swiss-rolled into one ! All the consumers are in trouble with no jobs and full of debts.
7. There was a report that the banks are sound and stable.
How can this be when all sectors of the economy especially the O & G and the Construction industry with as alleged 30,000 unsold properties, are in trouble.
Bankrupt Singapore companies Hyflux and Leong Hin got S$ 800 Million and S$ 300 Million from two Malaysian banks respectively !
By listening to the banks managers, the Government passed the onus of raising money to the banks’ customers who are now being harassed every day. Soon, the Government has to bail out the banks by TAKING THEM OVER AS OWNER – the ultimate result by listening to advice from banks managed by EMPLOYEES ! What do bank employees know about ‘high economics’. If they do, they would not be bank employees but owners !
8. There is not one quantum of Vision or Innovation in the Budget 2021. How to get fresh revenue for the Government and jobs for the Rakyat ? The mind-set was absent.
9. The big expenditures for transport development are just the repeat of the old.
10. As our beloved Tun Dr Mahathir Mohamad rightly pointed out the huge sum of RM 322.5 Billion boggles the mind.
Where is our Malaysia going to raise this money ? Borrow from Bank Negara Malaysia or EPF ?
Even the staid EPF was raided by the Government which told its own citizens to spend their own Life-long savings INSTEAD OF SUBSIDISING THEM LIKE IN HONG KONG, SINGAPORE, UK, US AND ALL OTHER COUNTRIES ! What is good for Singapore is good for Malaysia ?
11. The exclusivity of those who prepared Budget 2021 closed their eyes, ears and brains to constructive suggestions.
May be they have not heard of our beloved Tun Dr Mahathir Mohamad at all especially his one and only TUN DR MAHATHIR STRATEGIC LEGACY PLAN or TDMSLP ?
Without the Spirit of Malay Unity 2020 like the Spirit of the Royal Sultans and Malay Unity 1945, it is going to be tough, very tough for all concerned.
12. Man proposes. God disposes.
Malaysia Boleh Tun as always. No problem.
Assalam Tun.
From where the fund will be coming?
Not to worry laa.
Jln Duta land can easily fetch RM10b.
Or probably they tell Petronas to list a few more profitable subsidiaries and declare more dividend, or better still float Petronas and the government can get >500b!!!
Nowadays anything is possible, even an ordinary remisier can give stupendous economic/financial suggestions.
Assalam Tun.
If the budget fails to get through, it’s due to Muhyiddin’s own doing.
Then probably a new PM will still has time to present another budget? Let’s hope Tun will personally be the one to present it then.
Assalamualaikum, Tun.
Having the present economic situations, can we still be optimistic enough to say that our Nation can rebound with 5 – 6% growth, as assumption to draft the Budget for 2021 – 2022?
Oil price is low and forecast to be still low ..
Corporate tax will be lower given the fact that many companies will be in red as a result of MCO/CMCO ..
Many will be jobless or having pay cut, with less personal income tax contribute-able ..
Assalamualaikum, Tun.
Many economists agree with Tun in this respect.
The Budget is seen distributing alms, at the expense of this Nation’s well-being, future and debts to be borne by generations to come.
How can a Budget carrying so much deficit not driven by objectives or be not objectives-oriented in other words?
Please, we all urge the Government to do what is right for this country.
Tun
Too judgmental. Time Tun dah over. Sekarang Minister of Finance adalah orang dari financial market. Cara Tun dulu lain, cara dia sekarang lain.
I cuma nak share apabila I baca budget. I kasi tau anak2 I, “Wow, budget, baik kamu semua kerja kuat2, if not Malaysia bankrupt”. Mereka semua terdiam lari niaga dan kerja. hahaha
I pernah cakap dulu my daughters niaga online sebelum COVID-19. Pendapatan mereka more during COVID-19. Tun nak tau kenapa? Sebab sedunia problem sama, rata2 ada MCO mereka sendiri. So ramai tak keluar rumah la, so memang yang niaga online business kencang.
Tun lihat yang paling ligat kerja adalah delivery guys and girls too. Hantar sana hantar sini, sampai bawak motor pun entah jadi apa.
Kedai hair salon yang I pergi selalu terpecah dua. Bukan kedai pecah tapi partnership terpecah dua. Si tauke India tak nak niaga lagi dengan tauke Cina, maka buka kedai sendirian tanpa tauke Cina.
Si tauke Cina pula buka kedai sama besar dalam deretan kedai yang sama. Nak kata mereka jatuh miskin I tengok kedai2 mereka makin canggih dari dulu, pelanggan pun ada. I tak tau dengan siapa Tun bercakap, mungkin gang2 yang malas bekerja dan ambil peluang untuk maju jaya dalam hidup.
Sekarang ini semua online, smartphones, PC. Makcik dan Pakcik tua pun ramai dah pandai guna untuk majukan business mereka. Cuba Tun lawat Shopee, macam2 ada. Tak payah pi Johor nak beli dodol Johor, tak payah pi Perak nak beli dodol Perak, juga tak payah berkirim berpesan dengan keluarga tolong beli dodol bila balik kampung. Cuba Tun lawat Zalora, tak payah pergi UK beli baju, tak payah keluar negara beli branded items, semua ada online.
My daughter kata haritu kawan2 whatsapp asyik meraban hutang banyak, kutuk sana, kutuk sini. Gomen salah, Covid-19 salah, Allah salah, dirisendiri tak salah. My daughter pula sibuk promo barang2 jualan pada mereka.
The truth is you kena berubah la, nak buat macam mana kan. Kalau terpaksa jual rumah jual kereta juallah dulu. Resart, Reset, buat balik semula. Sudah tentu berkat usaha semua itu dapat dikumpul semula. Kalau bekerja janganlah memilih, dulu aku T20, dapat kerja M40, tak nak la. Dulu aku M40, tak nak la buat kerja B40. Cannot la like that. Takan sampai mati nak meraban sesaja.