tag:blogger.com,1999:blog-37045477.post5930690059639169298..comments2023-10-15T21:42:27.426+08:00Comments on Philosophy Politics Economics: Of Deficits & BureaucraciesUnknownnoreply@blogger.comBlogger5125tag:blogger.com,1999:blog-37045477.post-77063662833184639022010-06-14T09:53:11.049+08:002010-06-14T09:53:11.049+08:00The 10th Malaysia Plan assumes a nominal GDP growt...The 10th Malaysia Plan assumes a nominal GDP growth of 11%(extrapolated from their own assumptions) and a real GDP growth of 6% p.a., suggesting that the implied GDP deflator = 5%, which is higher than the 2001-2009 average deflator of about 4%. Statistically, this means that CPI INFLATION FOR THE NEXT 5 YEARS IS PORJETED AT 3% versus 2.3% in the last 9 years.<br /><br />My question is whether an average 3% inflation is realistic with all the cuts in subsidies. The gov seems to think so with inflation (according to Idris Jala quoting Bank Negara study) bumped up briefly to 4% for 2011/2012 before going down to 3%.<br /><br />My next question is at 3% inflation, why should operating expenditure be rising at 7% (2011-2015)when it is not productive spending for the economy? If subsidies are reduced, clearly operating expenditure should fall instead of rise and at a rate not exceeding inflation?<br /><br />So to achieve a commendable 2.8% budget deficit target, the government should raise development expenditure and lower operating expenditure. This will have multiplier effects on the economy.Jonas Leehttps://www.blogger.com/profile/10786108344875757153noreply@blogger.comtag:blogger.com,1999:blog-37045477.post-18046197254266564612010-06-12T21:33:20.167+08:002010-06-12T21:33:20.167+08:00The Civil Service cost us $42 billion a year. if w...The Civil Service cost us $42 billion a year. if we add Petronas, Tenaga, Telekom, Sime Darby, other Glc's, Quangos and State Govt extravagance, the HR cost will probably be some $100 billion at least.<br /><br />Cut 5% of that to start with and that's $5 billion per year, and $50 billion over the next 10 years - enough to get rid of most subsidies and no necessity to introduce GST until we are a truly developed nation!!<br /><br />Get cracking!<br /><br />dpp<br />we are all of 1 race, the Human RaceDonplaypuks®https://www.blogger.com/profile/14885751307558636916noreply@blogger.comtag:blogger.com,1999:blog-37045477.post-72897154344001259992010-06-12T18:54:53.013+08:002010-06-12T18:54:53.013+08:00Did you hear this?
"Changes are being propose...Did you hear this?<br />"Changes are being proposed to the Road Transportation Act (the Pengangkutan thingy) whereby all owners of registered motor vehicles will be required to buy new car license number plates with a microchip."<br /><br />This plate is suppose to cost us RM150 each. Another way to fleece the people? Please verify and you can tell that PM we are opposed to it.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-37045477.post-37448438832499594452010-06-12T12:24:42.427+08:002010-06-12T12:24:42.427+08:00Why high operating expenditure? Bcos the same proc...Why high operating expenditure? Bcos the same process which take 1-2 steps have to go through double or triple times.Why do we have so many civil servant? Is bcos to cater for the above! One more thing,Mr.Tony,I wish to point to you that does the govt machinery need to buy luxurious cars for their department for moving around? This is bcos one day,on the road,I saw two Toyota Fortuner(a MPV with 2,700cc capacity)belonging to one ministry(can't see properly which ministry but I got one of the number plate-WRL103).Can't they spend less by buying much cheaper one like the Naza Ria(also a MPV with 2,500cc capa)?Rakyat Yang Susahnoreply@blogger.comtag:blogger.com,1999:blog-37045477.post-75191810590870321322010-06-12T08:29:15.141+08:002010-06-12T08:29:15.141+08:00YB
Stop the buying of expensive military toys and ...YB<br />Stop the buying of expensive military toys and reduce the number of civil servants and the Armed Forces especially the top bras with too many stars on the shoulder earning big pay but doing nothing.Anonymousnoreply@blogger.com