I believe, by now, most of us have read properly what have been presented by our Prime Minister yesterday in regards to next year’s budget. Full budget speech can be read here.
The summary of the budget as per his presentation:
To implement the three strategies and measures that I have tabled, the government proposes an allocation of RM191.5 billion for the 2010 Budget. This is 11.2 per cent lower than the revised allocation of RM215.7 billion for 2009. Of the total allocation in 2010 Budget, RM138.3 billion, or 72.2 per cent, is for Operating Expenditure and RM53.2 billion, or 27.8 per cent, is for Development Expenditure.
Under Operating Expenditure, RM42.2 billion is allocated for emoluments, RM20.8 billion for supplies and services and RM73.9 billion is for fixed charges and grants. A sum of RM524 million is provided for purchase of assets and the remaining RM800 million for other expenditures.
As for Development Expenditure, a sum of RM25.4 billion is provided for the economic sector to support the needs of infrastructure, industry and agriculture as well as rural development. A sum of RM20.3 billion is allocated to the social sector encompassing education and training, health, welfare, housing and community development. In addition, RM3.7 billion is for the development of the security sector, RM1.8 billion for general administration and RM2 billion for contingencies.
The Federal Government revenue in 2010 is expected to reduce by 8.4 per cent to RM148.4 billion, compared with RM162.1 billion in 2009. Taking into account the estimated revenue and expenditure, the Federal Government deficit in 2010 is expected to be in a better position at 5.6 per cent of GDP compared with 7.4 per cent in 2009.
By the way of the summary given, with expected revenue only to be RM148.4 billion with an budegeted expenditure of RM191.5 billion, government will be spending more than money coming in. From a business point of view, this will be considered as a loss. However, government is not a business entity. It is their responsibilty to manage the nation. Building the nation? The government need Malaysians to be part of it.
In other words, my concern is how does this budget will give impact to Malaysians as a whole during the implementation of the budget. Will there be lots of “Little Napoleans” along the way? Will there be faces that will squander people’s fund? How many of ths large chunk of fund will make life much easier for most of Malaysians?
DS Najib and his team has presented the budget. At the very least, he does not plan to fail. If the budget fails to improve the nation, I would say that is up to Malaysians as a whole, starting from the government officials till the very last end of the chain.
Speaking of which, I’ve been hearing and seeing government servants hoping for 3 months bonus, or something like cash rewards. I know that they have been hoping for it as tehy have been seeing some of their friends have been getting bonuses for the past years and unfortunately they themselves don’t.
For this one, I have to say it is up to each of government servants’ thinking. For me, I have to say that I can understand the “pain”, but do consider some elements of being government servants and being private sector “survivor”. At the very least, in the brink of difficulties, government servants still have job to do. Where as for private sector, they have to survive with whatever they have. What have been see with the bonuses actually have clouded those who have been in unemployement or pay cut.
And one more, even though quality of service have been improved in some parts, still, some don’t. As for such, private sector cannot afford to provide poor quality service. Government? Poor service or not, Malaysians have to bear with it. Fair? With such difficult times, I do hope government servants can understand the situation.
Let us make the budget works for the betterment of ALL MALAYSIANS. As I said earlier – If the budget fails to improve the nation, I would say that is up to Malaysians as a whole, starting from the government officials till the very last end of the chain.
What say you?