save malaysia!
PM warns of ‘sacrifice’ in Budget 2019
savemalaysia
Publish date: Sun, 09 Sep 2018, 07:29 PM
KUALA LUMPUR, Sept 9 ― The Pakatan Harapan (PH) government’s budget for 2019, to be tabled on November 2, will be austere, Tun Dr Mahathir Mohamad has indicated.
The prime minister said the federal budget will entail many sacrifices as his government is looking to save money after inheriting some RM1 trillion in debts and liabilities from the previous Barisan Nasional administration.
“This budget is of sacrifice, everyone will have to sacrifice.
“The budget has to be careful. We can't spend more than our earnings.
“We can't entertain all sorts of requests. We have to accept that we must sacrifice,” he said in a joint interview with news portal Malaysiakini and Malay daily Sinar Harian, published today.
However the prime minister was also reported saying his government will not be as frugal with its budget as crisis-hit Greece.
Sinar Harian reported that the government has set up a website for public feedback to its Budget 2019, which opened on August 28 and will close on September 30.
Malaysians can also give their input through Facebook, Instagram and Twitter by using the hashtag #belanjawan2019.
https://www.malaymail.com/s/1670862/pm-warns-of-sacrifice-in-budget-2019
More articles on save malaysia!
Avoid dragging civil servants into political disputes, says Cuepacs
Created by savemalaysia | Jul 25, 2024
Former Industrial Court president, lawyer, appointed judicial commissioners
Created by savemalaysia | Jul 25, 2024
Malaysia set to gain over US$100 billion in trade boost from BRI
Created by savemalaysia | Jul 25, 2024
Harapan leaders not worried of Umno-PAS talks, says it's just propaganda
Created by savemalaysia | Jul 25, 2024
DBKL's monitoring mechanism evaluates high-risk trees in three stages — Dr Zaliha
Created by savemalaysia | Jul 25, 2024
Selangor plans to be the country's biggest investment contributor this year — Amirudin
Created by savemalaysia | Jul 25, 2024
Malaysia’s Leading Index rises 3.8% in May 2024; economy remains resilient — DOSM
Created by savemalaysia | Jul 25, 2024
Sanusi should accept that Penang is an independent state, says Chow
Created by savemalaysia | Jul 25, 2024
Selangor has room for more data centres - Invest Selangor CEO
Created by savemalaysia | Jul 25, 2024
Discussions
Be the first to like this. Showing 50 of 71 comments
Malaysia GDP will be heading downtrend soon. The government is waiting our neighbor countries (Indonesia, Philippines, Vietnam) to catch up on par with us before moving up further.
2018-09-11 11:51
Msian govt don know how to spend effectively loh....!!
Just look at our education....spend so much....still very poor standard loh....better just focus on savings....savings....bcos we need to paydown the debts mah....!!
Posted by Up_down > Sep 11, 2018 11:33 AM | Report Abuse
Our country top officials keep talking savings for the country through mega cutting projects. It’s a good sign to avoid bankruptcy risks due to overspending. Most people know savings is important and resources needed to exploit effectively. Focus too much in savings won’t bring us to anywhere. Besides savings, what our government can do to attract FDI? Why PH government won’t come out a more favorable policies for foreigners to invest in Malaysia whether direct or indirect investment? By looking at the talks of our PM, I feel our government likes closed door policies for the sakes of their political agenda.
2018-09-11 11:55
All bec i3 also cause govn pay high debts. Want so many projects(ask Gamuda, MRCB, etc shareholders true or not?) but who pay if not govn?
2018-09-11 11:59
Step....by step
1. dump kleptocrats and self serving statemen
2. push for servant leaders only .....through meritocracy and hence 'natural selection.....elimination of the weak ones'
3. reform divisive (and all the divide and rule.....) agenda.....policies......conferenxes.......meeting.....institutions
......and replace them with united RAKYAT-CENTRED ones only
4. bla.....bla.....bla
( One....by one
Slowly....but surely)
.......shaping a new gomen of the people, by the people, for the people
2018-09-11 12:03
Education investment is long term policy. We can’t even see a good results in next 5 years even though major revamp were taken now. Focus in savings alone is not enough for our economy. You may see PH bombard by BN for slow economy growth. What’s the growth driver or momentum for our economy? With such bleak economy outlook, foreign talent don’t even consider get back to Malaysia.
Posted by stockraider > Sep 11, 2018 11:55 AM | Report Abuse
Msian govt don know how to spend effectively loh....!!
Just look at our education....spend so much....still very poor standard loh....better just focus on savings....savings....bcos we need to paydown the debts mah....!!
2018-09-11 12:08
yes.....yes......
eliminate those unfot ones......
let the meritocratic selective process begins....now
(ALTHOUGH THE BEST TIME TO PLANT A STRONG GIANT TREE IS ALWAYS 20 YEARS AGO.........
...THE SECOND BEST TIME IS......NOW)
2018-09-11 12:09
Dr. M is suitable PM for the sakes of political stability during the transitional period. He can’t do any reforms for Malaysia. Anwar is a better choice for reforming Malaysia whether political or economy.
2018-09-11 12:18
yes....yes.....
Rakyat-centred agenda.....
one baby step at a time.....
(once done.......tick ....on the checklist..
......move on....to the next one.....
NEXT.......
(to every leaders.....ask not what their position can benefit them and their families...
....but ask.......how they can rebuild the country)
2018-09-11 12:21
.......then only they will start to learn to .....
just use.....one word......most powerful......collective......unifying
WE
yes........'WE'
2018-09-11 12:24
As a stateman, he or she should jsu say.....no more than....
THE RAKYAT....AS A WHOLE....NEED US......GOMEN PPL.....TO BE SERVANT LEADERS
......TO SERVE OUR BEST TO RAKYAT (UNDIVIDED)
AND THEY .....RAKYAT.......UNITY IS STRENGTH
IN SHORT.......SHOULD ONLY USE WORDS LIKE.......WE.......when referring to servant leaders....
.......and RAKYAT...
...when referring to the stakeholders of the democratic gomen (that's all)
Only We.....and Rakyat.....no further divisive elements
2018-09-11 12:37
We need to tell them ......this time......
we reject cheap politics......which has made our currency so cheap .....and is getting cheaper
Only.....we......and rakyat. ...
no more cheap politicking
2018-09-11 12:42
klepto out.......transoarent....responsible and accountable gomen in
divisive......disciminative and exclusive policies.... rhetoric.....and institution/organizations out......
........inclusive.........rakyat-centred........unity fostering ....thingy as replacement
2018-09-11 13:09
Resources are deployed mostly for supporting Malay elites rather than serving the needs of poor and improving education quality to enhance competitiveness. Their intention is to create a crutch with an ulterior motive of protecting elites. The government has spent much money in education to churn out graduates unable to meet the demand in commercial business for employment.
2018-09-11 13:10
100% agree
That's why....we need to tell them
NOT THIS TIME.......BECAUSE......THIS TIME WE WANT....
2018-09-11 13:13
Speedyboy. When majority of Malay becomes more independent, we can expect Malaysia economy to have a big leap. You see Indonesia. There are catching up now even though Malay is majority of the population. Are we waiting Indonesia to overtake us before realizing this facts? Malay can a wonder but it’s just their own leader suppressing their potential through education system.
2018-09-11 13:36
ady cause Msia rm 1 trillion debt..... ..is enough
No more cheap rhetoric, politics and policies
We must tell them......no more
This time we want.....
2018-09-11 13:56
sacrifices for what? Sacrifices for supporting another lanjiao potong car?!
2018-09-11 15:52
No more sacrifice.......
....has lost too much........accumulated too much debt
Enough is enough
No more sacrificing the country for bankruptcy
2018-09-11 15:54
This time govt. will say EPF compulsory gradual withdrawal at 55 yrs old. No more alltogether since no money liao
2018-09-11 15:57
Time for an equitably budget
........no favourism..........
uncompromising
........for the ppl
for he country's economy and future
2018-09-11 15:58
identify those duplicate work or department and eliminate it. like this can save money.
2018-09-11 17:21
If u add back culmulative 60 yrs of education spending since independce....what do u get ??
A very poor quality education....where those people....are even ...not equip....with basic commercial & business skill loh...!!
The education...has become bad to worse loh.....!!
Msia....needs english education, vocational skills, science & technology skills, business & commercial ability and computer science & technology, farming and plantation skill mah....!!
Where are v now leh ??
2018-09-11 18:20
Need an edu minister who has this insight.........can figure this out......
........learn from the past (but do not repeat.....)
and come out with serious reform
........last hope for the country
2018-09-11 18:33
All GLC monopoly, oligopoly in many ind. must be privatised, sold to settle govt. debts. Govt. must doing policy making by provide fair playing field, and to avoid conflict on interest. Put all professionals, not politicians in body like EPF, PNB.
2018-09-11 18:44
GIGO.....garbage in....garbage out
Which way we are heading......?
Our elaborative history text for school has failed the students in learning from history
For example:
Academics have pinpointed the exact period in which Muslims began turning away from scientific innovation – the 11th century.
Nizam al-Mulk had created a system of education known as "Nizamiyah" that focused on religious studies at the expense of independent inquiry.
For the first time in Islamic history, religious studies became institutionalised and religious studies were seen as a more lucrative career path. Previously, sciences and Islamic law were intertwined.
Not only did Nizamiyah colleges focus on religion but they also adopted a narrow Sunni interpretation of Islamic jurisprudence as the source of curricula: the Shafi'i school. The choice was not arbitrary. The Shafi'i school focused on the fundamentalist principles of Sharia and disdained the rationalist approach that had gained momentum during the reigns of Damascus-based Umayyad dynasty and the Baghdad-based Abbasid dynasty.
........
https://en.qantara.de/content/the-decline-of-islamic-scientific-though...
2018-09-11 18:45
After politics.....next our edu and econ are in dire need for detoxification
2018-09-11 18:48
PETALING JAYA: Civil servants may have to contribute to their own retirement income in the future, the head of the agency which has taken over the government’s pension operation said recently.
In an interview with TheSun, Retirement Fund Inc (KWAP) CEO Wan Kamaruzaman Wan Ahmad said it could be similar to how private sector employees contribute to the Employees Provident Fund (EPF).
“For all you know they (the government) may decide that this (current) scheme is unsustainable, we may move to the EPF (type) scheme,” Wan Kamaruzaman was quoted as saying.
The current pension scheme for civil servants is called “defined benefit”, wherein only the government and other employers of civil servants, such as statutory bodies and local authorities, will contribute.
With this scheme, pensioners are assured half their last drawn salary for life after they retire at age 60. A spouse will receive the same in the event of a pensioner’s death.
Wan Kamaruzaman said the EPF-style contribution scheme, called “defined contribution” may also enable the government to gradually reduce its burden of the ever-growing pension liabilities. The current scheme sees the government placed with a liability amounting to some RM300 billion.
“Let’s say in future, five years down the road, new civil servants will be on defined contribution, so KWAP will be managing both a defined benefit and a defined contribution scheme, that is how I see it go. Because this is just too good to last,” Wan Kamaruzaman said, according to the local English daily.
It was previously reported that Prime Minister Najib Razak had also acknowledged that the current scheme is not sustainable for the long term, thereby suggesting that an alternative scheme may be in the works.
“With the current civil service strength numbering 1.6 million, moving to a ‘defined contribution’ model will take strong political will,” Kamaruzaman said.
KWAP runs the entire pension operations for the government and all other employers of civil servants, after having absorbed the entire public pension department that had previously been under the Public Services Department. All 250 employees of the department are now based at KWAP’s office in Cyberjaya.
Since November 2015, the company has also taken over from the government’s monthly operation of paying out pensions to the 700,000 retirees. This was made possible following an amendment made to the Retirement Fund Act 2007 early last year.
However, the funds for such disbursement still come from the government, while KWAP is paid an administration fee.
2018-09-11 18:56
serious reform in civil servants' pensioners are required before this time bomb explode one day
2018-09-11 18:59
Yes...u can start ....to look at....the unpopular govt remuneration cost.....but be prepare to lose this 1.6 million vote bank loh...!!
Need to becareful loh.....!!
2018-09-11 19:01
......another bad move......besides stopping cash handouts
Not everything needs stopping and to be reformed
Here......just refine.....some fine tuning will be great
2018-09-11 19:04
What rubbish....handout leh ???
Get....them to do something....productive b4....giving unproductive handout like brim for nothing loh....!!
Maybe...like weekend....go clean up the beach or city street ....b4 entitle the brim mah....!!
2018-09-11 19:07
if new malaysia reluctant to bite this bullet due to concern on 1.6million civil servants' backlash...read below huge implication...
EU PENSION fund for Euro MPs is almost bankrupt and will have to be bailed out by taxpayers, it has been revealed. Germany's biggest newspaper Bild reported it has seen paperwork indicating a shortfall of millions of euros which means the pension fund will collapse by 2026 at the latest.
It cited an internal opinion of the Secretary-General of the European Parliament, Klaus Welle, for the Committee on Budgetary Regulation.
The endangered fund closed to new members in 2009 and, by the end of 2016, held assets worth €146.4 million.
But by then the fund's liabilities - the outstanding pension entitlements of the lawmakers - already stood at a staggering €472.6 million.
2018-09-11 19:09
No harm to top up those needy.....stricting deserving and worthy ones only
smamny.......overwokrked.....till no family time.....
......7 days week......12 hours shift.....
2018-09-11 19:11
Correctloh...like greece govt servant....the taiko govt very protective of them loh....but no choice mah....financial crisis.....the greece govt bankrupt no choice....to bite the bullet loh....!!
2018-09-11 19:13
Greece is different from us. it got grandfather rich germany to bail them out. Malaysia if bankcrupt, who is our grandpa? wakaka
2018-09-11 19:16
actually germany did not treat the greek....like sayang sayang....ampu...ampu loh....they are given very bitter medicine...just like IMF loh.....!!
Furthermore...greek cannot devalue their euro loh.....!!
Msia better position....can be more flexible....can borrow imf or impose exchange control or can devalue the ringgit further loh.....!!
2018-09-11 19:20
We got Lee Kwan Yew's legacy......Singapore
....hehe
(under the right gomen.............who knows........rebound and
............ soon RM would have same value as Aussie....hehe)
yes....we are differwnt.......rich in natural resources (poor in human re.....)
2018-09-11 19:22
U think msia can like spore meh ???
Just forest city....kacau already loh.....!!
Posted by EngineeringProfit > Sep 11, 2018 07:22 PM | Report Abuse
We got Lee Kwan Yew's legacy......Singapore
....hehe
(under the right gomen.............who knows........rebound and
............ soon RM would have same value as Aussie....hehe)
yes....we are differwnt.......rich in natural resources (poor in human re.....)
2018-09-11 19:27
an excellent leader can turn every challenge into opportunity...
.......Forest City to be the second Singapore
haha
2018-09-11 19:28
(similarly....an excellent trader can make profit in any market......bull....or bear........recession or boom(
2018-09-11 19:30
When it heavy rain outside...u buka pasar stall...ur business sure no good mah..!!
Posted by EngineeringProfit > Sep 11, 2018 07:30 PM | Report Abuse
(similarly....an excellent trader can make profit in any market......bull....or bear........recession or boom(
2018-09-11 19:33
Post a Comment
Featured Posts
Introducing MY's First IPO Fund for Sophisticated Investors!
New Update. Discover investment communities that resonate with your ideas
M & A Value Partners IPO Equity Fund has been launched - Targeted 13% Return p.a
Latest Videos
Apps
Top Articles
1
BFM Podcast
2
3
4
CGS-CIMB Research
Genting Plantations - Proposed Land Acquisition in Indonesia
5
Koon Yew Yin's Blog
6
Good Articles to Share
#
Stock
Score
Daily Stocks
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
MQ Trading Signals
Stock
Time
Signal
Duration
Stock
Time
Signal
Duration
Featured Advertisers / Partners
Ride The Bull Short The Bear
CS Tan
4.9 / 5.0
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
GstTakNak
No GST and reintroduce SST is so far what PH govn has done.
2018-09-11 11:43