Well, not that we've been informed of the source of the money for the economic stimulus as announced by the Deputy Prime Minister.
At a time when the so-called "Great Recession" is looming over the horizon, I suppose we could use that RM15bil stimulus. But although we are grateful for the RM15bil, we can't help wondering about:
At a time when the so-called "Great Recession" is looming over the horizon, I suppose we could use that RM15bil stimulus. But although we are grateful for the RM15bil, we can't help wondering about:
1) Delivery System
In recent times, quite a lot had been promised to Sabah, but we've seen very little of those promises happening up to date. Mega projects worth billions have also been announced, yet hardly any of them had been initiated. If indeed we have those billions of Ringgit allocated for economic stimulus, then deliver them fast—we need the money now.
2) Distribution of Funds
On paper, RM15bil looks like a lot of money. I think many of us would be really happy if we can see RM10bil of those actually flows into the economy. Of the remaining RM5bil (adopting a very conservative estimate), I think it is safe to assume that will be lost—mysteriously—elsewhere. It remains to be seen if the ordinary man in the street will even feel the effects of the stimulus, but we're keeping our fingers crossed.
3) Sustainability
If countries around the world are going bust, we just wonder how much longer our Government can keep pumping money into the economy. How much more money do we have to sustain this kind of economic stimulus?
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