Malaysia always had a deficit national budget where The Government had always spent more than what it can collect except for the so-called golden years between 1993 to 1997 when the budget recorded a surplus and also low deficit budgets in between. Image source: Trading Economics.
Read More »Budget 2023: Why We Are Not Addressing Financial Leakages & Wastages?
(Still, remember the “no spoon” scene in The Matrix? Do you understand the meaning of the scene? I had always thought of it as something not real and yet you see it with your own eyes. Same goes for wastage of taxpayers money. Image source: Matrix Fans)
Read More »Economy 101: Wastage of Taxpayers Money, The Denials
(Whether it is a private jet or a public abuse of trust and power – such nonsense cannot be tolerated at any level even for a high ranking politician’s wife. Just because it is approved by the Cabinet, don’t these people who fly have some internal conscience or they are just corrupt to the core? They must be counting their blessings that they are not in China. Cartoon source: Zunar @ Malaysiakini)
Read More »Governance 101: Now Anybody Can Fly Free On Taxpayers Money?
(Here lies the problem with governance – some people have no sense of responsibility whatsoever just because they are spending money that does not belong to them and they know that if they can waste the taxpayer’s money without any care or prudence, they will not be punished even if it was reported by the Auditor General. Image source: http://tarpon.wordpress.com)
Read More »Governance 101: Whack The Wrongdoers Hard, Please!
(In the Global Competitiveness Report 2010–2011, Malaysia ranks 25 out of 139 countries where public spending & governance is somewhat better managed than the rest but then again, if one reads deeper into the report, Malaysia’s ranking is only 4.2 out of the full 7 on the mark. We are no where close to our neighbour down south who ranks at the top at 6.1 despite their limited natural resources, human resource and living space)
Read More »Governance 101: Wasteful & Short-Sighted Again