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<\/a><\/p>\nIn a statement provided by PKR\u2019s Nurul Izzah Anwar, PKR\u2019s Sim Tze Tzin and PAS\u2019s Dr Hatta Ramli, the trio said that the government needs an \u2018honest and brave budget\u2019. \u2014 file pic<\/p>\n
KUALA LUMPUR, Sept 24 \u2014 Pakatan Rakyat (PR) will present an alternative Budget 2014, with the federal opposition MPs expected to do so before Prime Minister Datuk Seri Najib Razak tables Putrajaya\u2019s Budget in Parliament next month.<\/p>\n
In a statement provided by PKR\u2019s Nurul Izzah Anwar, DAP\u2019s Steven Sim and PAS\u2019s Dr Hatta Ramli, the trio said that the government needs an \u201chonest and brave budget\u201d.<\/p>\n
The trio said that PR\u2019s alternative budget would focus on fiscal responsibility through measures such as reforms to the Budget and tightening of government procurement and spending rules in a bid to cut down on waste, leakages and excessive costs.<\/p>\n
The shadow budget by PR is also expected to contain \u201cinnovate policies\u201d to broaden the government\u2019s source of revenue, coupled with a close monitoring of government spending, the statement said.<\/p>\n
\u201cUsually it\u2019s going to be a couple of days before the prime minister tables his budget,\u201d Nurul Izzah told reporters at Parliament today, when asked when PR would present their budget.<\/p>\n
Najib is scheduled to table Budget 2014 on October 25.<\/p>\n
All eyes will be on the Budget to see if Putrajaya introduces financial reforms such as the long-delayed Goods and Services Tax (GST) to widen its tax base.<\/p>\n
Earlier this month, the government reduced subsidies for RON95 petrol and diesel by 20 sen a litre in a bid to slash its fuel subsidy bill by an estimated RM3.3 billion annually.<\/p>\n
Pressure has increased on Putrajaya to trim the country\u2019s debt level and introduce meaningful reforms to widen its revenue base after international ratings firm Fitch Ratings cut the country\u2019s debt outlook from \u201cStable\u201d to \u201cNegative\u201d in July.<\/p>\n
Today, Hatta, who was also present at the media conference, raised PR\u2019s doubts over the Supplementary Supply Bill tabled yesterday, where Putrajaya sought additional funds of over RM14.1 billion for the spending of 16 ministries, government departments and agencies this year.<\/p>\n
Hatta viewed the bill for extra funds as allegedly reflecting poor planning, saying that the government could have projected the amount of money it needs.<\/p>\n
\u201cSo it means there is no proper planning in the presentation of our budget,\u201d he said, referring to Budget 2013 where RM251.6 billion has already been approved.<\/p>\n
\u201cSo in the end we feel that the original Budget was designed in such a way to project a smaller deficit, to get some kind of good image.<\/p>\n
\u201cBecause after (the) supplementary (bill), if deficit is bigger, people will not realise it, so it\u2019s not a big deal to some people, this is our contention,\u201d the Kuala Krai MP said.<\/p>\n
In their statement, the PR trio warned that the Supplementary Supply Bill could cause Putrajaya to breach its self-imposed debt ceiling of 55 per cent of the Gross Domestic Product (GDP), while its budget deficit could hit 5.5 per cent of the GDP instead of the original 4 per cent targeted.<\/p>\n
Last year, the Barisan Nasional (BN) administration headed by BN tabled the Budget 2013, seeking RM251.6 billion in expenditure, with a projected budget deficit of 4 per cent.<\/p>\n
PR had then presented a shadow budget for RM234 billion, with a projected budget deficit of 3.5 per cent.<\/p>\n
BN\u2019s budget expenditure had steadily increased in recent years, from RM206.2 billion in 2010 to RM212 billion and RM252.4 billion in 2011 and 2012.<\/p>\n
In the same three-year period, the BN government managed to gradually cut down its projected budget deficit, slicing it from 5.6 per cent in 2010 to 5.4 per cent and 4.5 per cent in 2011 and 2012.<\/p>\n
Putrajaya has stated that it aims to reduce its national debt which currently stands at more than 53 per cent of the GDP.<\/p>\n
It also wants to trim its deficit to 3 per cent of the GDP by 2015.<\/p>\n
Source: BY IDA LIM SEPTEMBER 24, 2013 In a statement provided by PKR\u2019s Nurul Izzah Anwar, PKR\u2019s Sim Tze Tzin and PAS\u2019s Dr Hatta Ramli, the…<\/p>\n","protected":false},"author":22,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[930],"tags":[86,1670,85,60,540,136,116,88,55,1131,38,104,646,1859,114,67,1669,61,1671,1668,1636],"class_list":{"0":"post-5445","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-penerbitan","7":"tag-barisan-nasional","8":"tag-belanjawan-tambahan","9":"tag-bn","10":"tag-dap","11":"tag-dr-hatta-ramli","12":"tag-keadilan","13":"tag-kl","14":"tag-kuala-lumpur","15":"tag-lembah-pantai","16":"tag-malay-mail","17":"tag-malaysia","18":"tag-nurul-izzah","19":"tag-nurul-izzah-anwar","20":"tag-parliament","21":"tag-parlimen","22":"tag-pas","23":"tag-perbelanjaan-tambahan","24":"tag-pkr","25":"tag-steven-sim","26":"tag-supplementary-budget","27":"tag-the-malay-mail"},"_links":{"self":[{"href":"https:\/\/www.nurulizzah.com\/site\/wp-json\/wp\/v2\/posts\/5445","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.nurulizzah.com\/site\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.nurulizzah.com\/site\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.nurulizzah.com\/site\/wp-json\/wp\/v2\/users\/22"}],"replies":[{"embeddable":true,"href":"https:\/\/www.nurulizzah.com\/site\/wp-json\/wp\/v2\/comments?post=5445"}],"version-history":[{"count":3,"href":"https:\/\/www.nurulizzah.com\/site\/wp-json\/wp\/v2\/posts\/5445\/revisions"}],"predecessor-version":[{"id":5448,"href":"https:\/\/www.nurulizzah.com\/site\/wp-json\/wp\/v2\/posts\/5445\/revisions\/5448"}],"wp:attachment":[{"href":"https:\/\/www.nurulizzah.com\/site\/wp-json\/wp\/v2\/media?parent=5445"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.nurulizzah.com\/site\/wp-json\/wp\/v2\/categories?post=5445"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.nurulizzah.com\/site\/wp-json\/wp\/v2\/tags?post=5445"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\nhttp:\/\/www.themalaymailonline.com\/malaysia\/article\/pakatan-says-will-pre-empt-budget-2014-with-brave-honest-alternative<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"