The deputy Prime Minister and finance minister Dato’ Najib announced a mini budget in this afternoon totally amounted RM60 billion(USD16.1 billion) for 2009 and 2010 to boost the local economy.
4 key areas are touched in the budget:
However,after reviewing the whole details of the budget,I feel that it will not help the economy as much as we hope.The budget seems to be quite rough and thus,I think the result will be just-so-so for each field.
Besides,for individuals,it’s not involving much either.After all,people in the country will not entitle any benefits with cash and how could we see more spending on consumption within the country?
The size of this mini budget is not enough as it’s RM30billion annually,much less than the similar one for 2009 in Singapore which is up to RM41 billion(SGD20.5 billion).It shows that the management is still thinking to follow a conservative policy in this very special time.Well,R-E-G-R-E-T is the only word I’d say now.
Good luck,Malaysia!
