PM NAJIB have laid it out for us. There were mix responses. You could hear echos of "Good! Good! Good!.." from certain quarters and on the other end of the spectrum, you hear..."Alaa!, its an election budget!"
Mostly, those that represent the two spectrums are politicians of opposing fences who expect to gain political mileage from any national agenda....Biasa la tu kan?
But for us man/woman on the street, how does it affect us?
Did you find anything interesting from it?
Most importantly did you find anything that will adversely change your lifestyle...improve it or otherwise?
We all may have differing reactions to PM NAJIB's Budget 2011 speech but in any case it will affect us all just the same.
Budget 2011 is the first budget under the RMK10 and is the government's effort to move towards VISION 2020 developed nation agenda. This year, there is a3 % increase in allocation to RM212 billion to achieve the aforesaid agenda. The
The allocation total,
RM162.8 billion will be used for operating expenditure,
RM49.2 billion is allocated for development expenditure.
The overall budget has seen a focus towards meeting the needs of the RAKYAT whilst providing incentives and implementing projects that could stimulate the economy.
"The budget realities of 2011 embraced the spirit and lift the current administration as a philosophical concept 1Malaysia main driving direction of the country, Government Transformation Plan (GTP) and the Economic Transformation Plan is to map the user.
"Six Key Result Areas State (NKRA), the New Economic Model with eight core, also formed a framework towards the direction will be interpreted by the Tenth Malaysia Plan (RMK-10) and the Eleventh Plan (RMK-11),'' he said.
Our PM Najib also did not forget the efforts to develop human capital, focusing on the importance of education and welfare of civil servants, including provision of financial assistance. This budget also emphasizes improving the quality of life as the country moves to stabilize economy was developing well.
According to the PM Naijb, economic growth has seen the government revise the rates for this year to seven percent from six percent. This is much higher compared to negative 1.7 percent in 2009.
He also said the economy will continue its performance by increasing the production of the manufacturing sector grew at 10.8 percent, services 6.5 percent and 4.9 percent financing, while private consumption and investment expenditure respectively 15.2 per cent and 6.7 per cent and 11.6 per cent of exports.
Key indicators towards strengthening the domestic economy is a surge of Bursa Malaysia's Composite Index of 1.496 points on 14 October which is the highest since February 2008.
We can safely conclude that the general market accepted BUDGET 2011 amidst the noise of politically motivated statements and response.
Personally, all in all... I think we are still good! Happy to be in MALAYSIA
