We need a responsible budget

The 2013  budget should be a resolution  and  the only legislative vehicle that view government comprehensively. It should provide the framework for the consideration of other legislation. Ultimately, a  budget is much more than series of numbers. It also serves as an expression of principles, vision, and philosophy of governing. Unfortunately, we are lacking of policy person in drawing economy policy and can just see the short-sighted incentives, figures and the sweetener that make Malaysians feel “good” and focus on political gain. The worst part is sharply increasing in our federal operational spending, especially in government servants’ emolument.

We must have a long-term blueprint for safeguarding Malaysia from the perils of debt, doubt and decline. Malaysians, not Putrajaya deserve  to choose the path our nation takes. Our budget should presents a clear choice between bleak future toward which the nation is currently headed and the prosperous future that Malaysian can build together with a government that limited and effective.  Effective government is impossible without limits. It is no surprise that trust in government has reached all time lows as the size of government has reached all time highs. We should not only put more limits on government and we should understand the limit of government and hence we must reduce the size of government in total economic share, allowing private sector to growth and create jobs. For years, short-sighted decisions and policies advanced by our government has contribute to an irresponsible build-up of debt in the economy, and this debt now poses a fundamental challenge to Malaysian way of life.

Our leaders failed to use their full control to offer any plan to lift the debt and foster sustainable growth. Instead, the debts are used as an excuse debt driven development. A massive spending and expensive stimulus package failed to deliver promise to boost our economy performance than what we achieve now and translate into high national income per capita, disposable national income and high quality of lifestyle among Malaysian. An effective fiscal spending should be used in key areas and change our economy structural that is no longer our merit in globalization and more competitive age. I afraid that  that government fiscal position will be further deteriorated, and total debt will surpass 55% of entire size of economy and threaten entire government project such as it will weaken our education, and health security.

We should have a more responsible budget for Malaysian renewal and be guided by timeless principles such as free enterprise, economic liberty, limited government and spending restraint, traditional & community values. The budget should offer a set of fundamental reforms to put the federal fiscal position on the right track.

The looming crisis also represent an enormous challenge, but it  also represent a defining choice: whether to continue down the path of debt, doubt and decline or put the nation in the path of prosperity. It also represent a tremendous opportunity for this and our children generation with a freer and prosperous future.