Posted by EngineeringProfit > 2 months ago | Report Abuse

When a country’s debt becomes too high and it faces challenges in repaying it, governments must make tough decisions to cut back on public spending, particularly focusing on eliminating misallocated funds. Cutting back to zero misallocation is critical to ensure that public resources are used efficiently and to prevent the debt burden from spiraling out of control.

Be the first to like this.

56 comment(s). Last comment by EngineeringProfit 2 days ago

Posted by EngineeringProfit > 2 months ago | Report Abuse

Chapter: Proper develop human capital

Zero Misallocation of Scarce Resources (getting more and more scarce inevitably): Borrowing money, particularly from science-driven wealthy countries, to fund non-productive sectors like religious teaching in public schools diverts crucial resources away from essential economic areas. When a country is already reliant on loans, every borrowed dollar should be allocated towards sectors that stimulate economic growth, such as science, technology, infrastructure, and education aimed at future workforce needs. Investing in religious teaching, which does not directly contribute to job creation, innovation, or productivity, is an inefficient use of borrowed money.

More Rational Education Funding (Aligned with Debt Repayment Initiative): The funds used for religious teaching could otherwise be spent on enhancing STEM (Science, Technology, Engineering, Mathematics) education, which directly contributes to innovation, research, and industrial growth. For example, countries that prioritize STEM education see far greater returns in terms of job creation, technological development, and overall competitiveness on the global stage. Diverting resources away from these areas hampers national progress in innovation-driven fields.

Posted by EngineeringProfit > 2 months ago | Report Abuse

Chapter: Removing extravagant public official perks

Zero-budget allocation for overseas trips until the country's debt is under control would reflect the government's commitment to financial prudence and addressing public concerns about wastage and corruption. By redirecting these funds to more pressing national needs, Malaysia could move towards more responsible and transparent governance, setting a positive example for other areas of fiscal reform.

More Affordable Alternative Solutions Until Country Debt is Totally Paid Off: With advances in technology, study tours and international collaborations can be carried out virtually, at a fraction of the cost. Webinars, virtual meetings, and online conferences provide platforms for learning and international cooperation without the need for expensive travel.

Sslee

6,986 posts

Posted by Sslee > 2 months ago | Report Abuse

When a country’s debt becomes too high and it faces challenges in repaying it, governments will take an easy way out of increasing tax so won't be surprise the return of GST and new capital gain tax.

Posted by EngineeringProfit > 2 months ago | Report Abuse

ZERO Overlapping Agencies By Streamlining Malaysia's Government

In Malaysia, unnecessary government agencies with overlapping functions lead to inefficiencies, resource wastage, and poor service delivery. The duplication of roles across agencies creates confusion, hinders decision-making, and increases bureaucratic red tape, often slowing down public services. This issue also contributes to unnecessary public spending on administrative costs, salaries, and infrastructure, straining the national budget and exacerbating the country’s debt problem.

Key sectors such as public health, education, housing, and SME development often see multiple agencies with similar functions, leading to fragmented approaches and accountability issues. For example, the Ministry of Entrepreneur Development and Malaysian Industrial Development Finance (MIDF) offer similar services, while both the National Housing Department and local authorities oversee housing projects, causing inefficiencies.

Calls for reform have urged the consolidation of these agencies to streamline government operations. In 2019, the Public Service Reform Committee identified numerous agencies for potential mergers or abolition. Consolidation would save operational costs, improve coordination, and enhance accountability. Countries like Singapore and South Korea have successfully reduced government redundancies, improving efficiency and economic outcomes. For Malaysia, tackling this issue is vital for better governance, reducing the national debt, and fostering economic growth.

Posted by EngineeringProfit > 2 months ago | Report Abuse

ZERO lifetime pensions for politicians after short-term service

Posted by EngineeringProfit > 2 months ago | Report Abuse

Zero-cost leasing of public buildings to private companies when not in use.

Posted by EngineeringProfit > 2 months ago | Report Abuse

ZERO-star hotel stays during official travel.

Posted by EngineeringProfit > 2 months ago | Report Abuse

ZERO non-essential infrastructure development.

Posted by EngineeringProfit > 2 months ago | Report Abuse

ZERO unnecessary state-level infrastructure projects.

Posted by EngineeringProfit > 2 months ago | Report Abuse

Zero allocations for building unnecessary monuments.

Posted by EngineeringProfit > 2 months ago | Report Abuse

ZERO allocation for government-sponsored political trips to local constituencies.

Posted by EngineeringProfit > 2 months ago | Report Abuse

ZERO subsidies for businesses that aren’t energy-efficient.

Posted by EngineeringProfit > 2 months ago | Report Abuse

ZERO public sector outsourcing.

Posted by EngineeringProfit > 2 months ago | Report Abuse

Zero contract awards without competitive bidding.

Posted by EngineeringProfit > 2 months ago | Report Abuse

ZERO use of contractors for routine government services.

Posted by EngineeringProfit > 2 months ago | Report Abuse

ZERO non-essential IT projects with high costs and low returns.

Posted by EngineeringProfit > 2 months ago | Report Abuse

Zero cost expansion of health tourism promotions using public funds

Posted by RobertHall > 2 months ago | Report Abuse

ZERO overseas medical treatments for government officials

Posted by eastern_joy > 2 months ago | Report Abuse

Fully support ZERO intiatives! MPs pension should be capped at certain limit regardless how many positions held and duration should be only at 60 above, not just 2-3 years, boleh pencen but the rest are made to work till 55 or 60. Waste of money on useless MPs. MPs also should not getting half pension from each positions held. Some MPs are getting RM100K+ in pensions per month!

Posted by EngineeringProfit > 2 months ago | Report Abuse

Is that halal? Isn't that sinful when poverty is looming, B40 is starving and country debt is increasing?

Posted by eastern_joy > 1 hour ago | Report Abuse

......MPs are getting RM100K+ in pensions per month!

Posted by eastern_joy > 2 months ago | Report Abuse

About the EPF saving concerns, so maybe all those exorbitant pensions can go to fund the aging population. Khazanah Research Institute said in the report --> "It also assumes that Malaysians only use RM1,000 per month for 20 years.", so RM1K is enough to survive per month, so ALL MPs pensions and salaries do not need RM10K above? Is this really enough? I think reality is not that. KRI report has problem, but this is Malaysia Bolehland...

Posted by EngineeringProfit > 2 months ago | Report Abuse

Kepimpinan melalui teladan: Cap their monthly take home @ RM1k.....hehe

Posted by eastern_joy > 6 minutes ago | Report Abuse

About the EPF saving concerns, so maybe all those exorbitant pensions can go to fund the aging population. Khazanah Research Institute said in the report --> "It also assumes that Malaysians only use RM1,000 per month for 20 years.", so RM1K is enough to survive per month, so ALL MPs pensions and salaries do not need RM10K above? Is this really enough? I think reality is not that. KRI report has problem, but this is Malaysia Bolehland...

Posted by EngineeringProfit > 2 months ago | Report Abuse

Members of Parliament (MPs) in Malaysia should cap their monthly take-home pay at RM1,000 to set an example of "kepimpinan melalui teladan" (leadership by example)

Posted by EngineeringProfit > 2 months ago | Report Abuse

Zero-cost allocations for first-class air travel for government officials. (until every B40 could afford to fly overseas holiday every year)

Posted by EngineeringProfit > 2 months ago | Report Abuse

Zero GST too

icecool

5,054 posts

Posted by icecool > 2 months ago | Report Abuse

@EngineeringProfit "When a country’s debt becomes too high and it faces challenges in repaying it, governments must make tough decisions to cut back on public spending, particularly focusing on eliminating misallocated funds."

slowly dream, the government will tax you until mother also cannot recognize.

Posted by EngineeringProfit > 2 months ago | Report Abuse

ZERO government-owned businesses that are underperforming.

Posted by EngineeringProfit > 2 months ago | Report Abuse

While B40 continue to struggle.....ZERO government-sponsored club memberships for officials.

Posted by EngineeringProfit > 2 months ago | Report Abuse

ZERO defense spending on non-essential military hardware.......until every Rakyat got enough to eat

xiaoeh

2,800 posts

Posted by xiaoeh > 2 months ago | Report Abuse

I am waiting to see one leader who possess wisdom and open minded from UMNO to harmoniously bring its people together to make UMNO stronger and bigger
and even he will bring all Malaysian in all races together to make Malaysia more prosperous and stronger in term of economically stronger, technology more advancement, more socially harmonious etc
And perhaps this person may not be necessarily from UMNO but other political party instead,
And obviously this person is not Akmal, not Lim Guan Ying, not Wei Ka Xiang, Not Muhhidin, Not Awang Hadi etc either, and not to say DrM as this DrM was/is the beginner of the poison of current Malaysian political and socially devided.
Will see who and when this person emerge…

Posted by EngineeringProfit > 2 months ago | Report Abuse

ZERO parliamentary travel and session costs.(out-of-own-pocket only until every B40 could afford basic necessities)

Posted by EngineeringProfit > 2 months ago | Report Abuse

ZERO allocation for expansion of health tourism promotions using public funds

Posted by EngineeringProfit > 2 months ago | Report Abuse

ZERO allocation for construction of new government buildings.......................until every B40 owns their own house

Posted by EngineeringProfit > 2 months ago | Report Abuse

ZERO public-funded transportation usage for all government officers at all levels.....until every B40 got their own vehicles

Posted by EngineeringProfit > 2 months ago | Report Abuse

Zero percent GST for the Rakyat until the monthly take-home pay of the Members of Parliament (MPs) is cap at RM1,000

Income

12,632 posts

Posted by Income > 2 months ago | Report Abuse

Must be enshrined in constitut ion or else all your ZERO initiatives are wasted!

Income

12,632 posts

Posted by Income > 2 months ago | Report Abuse

Posted by EngineeringProfit > Sep 26, 2024 1:49 PM | Report Abuse

Kepimpinan melalui teladan: Cap their monthly take home @ RM1k.....heh e
?

So that only true politician with the heart to serve the people will join politics。Must be enshrined in constitut ion or else Cap their monthly take home @ RM1k..... Will be revoked by greedy politicians。Pmx also work without pay!

Income

12,632 posts

Posted by Income > 2 months ago | Report Abuse

PMX set the example to work without pay。 Good Kepimpinan melalui teladan。

Posted by EngineeringProfit > 2 months ago | Report Abuse

đź‘Ť

Posted by EngineeringProfit > 2 months ago | Report Abuse

ZERO use of foreign universities or experts for policy research to eliminate outsourced consultancy fees - use local experts and professors, or fire them if they are useless

Posted by EngineeringProfit > 2 months ago | Report Abuse

ZERO hospitality spending for foreign dignitaries.(out-of-own-pocket only until every B40 could afford basic necessities)

Posted by EngineeringProfit > 2 months ago | Report Abuse

ZERO allowances for luxury meals for government officials.(no free food during working hours until every B40 can have balanced diet every day!)

Posted by EngineeringProfit > 2 months ago | Report Abuse

ZERO wastage of higher education fund diversion to many peninsular states that suffer from overrsupply of graduates and post grads; coupled with serious mismatching of academic qualification and job scope

Posted by EngineeringProfit > 2 months ago | Report Abuse

Zero funding for non-performing MPs.

Posted by EngineeringProfit > 2 months ago | Report Abuse

ZERO state-funded ceremonial functions......until every B40 family could afford a wedding ceremonial function

Posted by EngineeringProfit > 2 months ago | Report Abuse

ZERO redundant mega projects with lots of impact on national debt and little to no public benefit.

Posted by EngineeringProfit > 2 months ago | Report Abuse

ZERO government sponsorship for political or non-STEM foundations.....until country becomes debt-free

Posted by EngineeringProfit > 2 months ago | Report Abuse

ZERO overseas scholarships for non-essential non-STEM fields

Posted by EngineeringProfit > 2 months ago | Report Abuse

ZERO overseas medical treatments for government officials......................until all B40 gets a medical insurance card

Posted by EngineeringProfit > 1 month ago | Report Abuse

Zero tax for the Rakyat until the monthly take-home pay of the Members of Parliament (MPs) is cap at RM1,000

Post a Comment
Market Buzz