ID :
52700
Sat, 03/28/2009 - 18:36
Auther :
Shortlink :
https://oananews.org//node/52700
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NAJIB ANNOUNCES RM200 BILLION UNDER 2010 BUDGET
KUALA LUMPUR, March 28 (Bernama) -- The Malaysian government may allocate about RM200 billion (US$1=RM3.60) more under the 2010 budget, raising the allocation to generate the national economy to about RM470 billion for the two-year period.
This followed the announcement of the allocation of RM206 billion under the
2009 budget by Prime Minister Abdullah Ahmad Badawi as well as the
two stimulus packages of RM7 billion and RM60 billion announced by Deputy Prime
Minister Najib Tun Razak earlier.
Najib, who has been endorsed as the new United Malays National Organization
(Umno) president, said the government was confident that the four packages of
allocation totalling about RM470 billion would be able to generate the economy
more effectively.
"However, the effectiveness of the allocations still depends on the economic
situation abroad," he said when winding up the debate on the motion on economy
at the Umno general assembly 2008, here today. Najib is also the Finance
Minister.
The debate on the motion on economy began Friday with various issues
raised including the economic crisis, government-linked companies (GLC) and
transparency in expenditure under the two stimulus packages.
Najib also disclosed that a special website on the monitoring and spending
of the stimulus packages would be launched within the next two weeks.
"Everyone can access the website to prove that our efforts are transparent
and open. All this is done because of our concern that every sen spent would
reach the target groups who need them," he said.
The government had earlier set up the Project Management Unit to ensure that
the implementation of the two Stimulus Packages went smoothly and according to
schedule.
Najib said RM1.5 billion would be spent up to the end of next month and
RM2.5 billion up to the end of May.
"They involved about 32,000 developement projects which would involve class
F contractors, who are also the loyal supporters of Umno."
With regard to the GLCs, he refuted the claim that a certain individual was
made a director of 60 companies.
"I have checked the claim. This is not possible because under the present
regulation, an individual can only be a director of 10 public-listed companies
and 15 private limited companies.
"Let me know if there is such a case. I won't allow it to happen," he said
to loud applause from the delegates.
Najib said the government would continue with programmes for the prosperity
of the people such as the social security network under the present economic
slowdown.
He said that for this year alone, the government had allocated RM27.9
billion in the form of subsidies including for petrol, diesel, cooking gas,
wheat, bread, sugar, flour, rice, text books, scholarships, education, health,
welfare, and highway toll.
-- BERNAMA
This followed the announcement of the allocation of RM206 billion under the
2009 budget by Prime Minister Abdullah Ahmad Badawi as well as the
two stimulus packages of RM7 billion and RM60 billion announced by Deputy Prime
Minister Najib Tun Razak earlier.
Najib, who has been endorsed as the new United Malays National Organization
(Umno) president, said the government was confident that the four packages of
allocation totalling about RM470 billion would be able to generate the economy
more effectively.
"However, the effectiveness of the allocations still depends on the economic
situation abroad," he said when winding up the debate on the motion on economy
at the Umno general assembly 2008, here today. Najib is also the Finance
Minister.
The debate on the motion on economy began Friday with various issues
raised including the economic crisis, government-linked companies (GLC) and
transparency in expenditure under the two stimulus packages.
Najib also disclosed that a special website on the monitoring and spending
of the stimulus packages would be launched within the next two weeks.
"Everyone can access the website to prove that our efforts are transparent
and open. All this is done because of our concern that every sen spent would
reach the target groups who need them," he said.
The government had earlier set up the Project Management Unit to ensure that
the implementation of the two Stimulus Packages went smoothly and according to
schedule.
Najib said RM1.5 billion would be spent up to the end of next month and
RM2.5 billion up to the end of May.
"They involved about 32,000 developement projects which would involve class
F contractors, who are also the loyal supporters of Umno."
With regard to the GLCs, he refuted the claim that a certain individual was
made a director of 60 companies.
"I have checked the claim. This is not possible because under the present
regulation, an individual can only be a director of 10 public-listed companies
and 15 private limited companies.
"Let me know if there is such a case. I won't allow it to happen," he said
to loud applause from the delegates.
Najib said the government would continue with programmes for the prosperity
of the people such as the social security network under the present economic
slowdown.
He said that for this year alone, the government had allocated RM27.9
billion in the form of subsidies including for petrol, diesel, cooking gas,
wheat, bread, sugar, flour, rice, text books, scholarships, education, health,
welfare, and highway toll.
-- BERNAMA
