Implication of Budget 2013

1303 Words Nov 1st, 2012 6 Pages
According to the Prime Minister Datuk Seri Najib Razak, who is also Finance Minister, at the Dewan Rakyat on Friday, September 28 tabled that the Budget 2013 themed "Prospering The Nation, Enhancing Well-Being of the Rakyat: A Promise Fulfilled" . 2013 budget was formulated with a focus on improving the living standards of people across the country, ensuring sustainable economic growth, prudent spending and reduce the country 's fiscal deficit with the overall goal of focusing on the welfare of the people. The Government will ensure people get the best services and maximum benefits as a result of the implementation of development programs and projects in 2013, the global economic environment is expected to improve, economic growth is …show more content…
Second a total of 1.6 billion is allocated for infrastructure projects rural utilities for water supply projects to 24 thousand households and extension project electricity to 19 thousand households. Third, a total of 137 million dollars allocated for Sustainable rural Program involving 29 villages throughout the country and benefit 38 thousand inhabitants. Major programs include the upgrading of marine products processing plants and food, building a new pier, the construction of a centre for marketing, improving the package and recreational activities as well as the home stay. Fourth, a total of 88 million is allocated for economic development programs and projects of water supply for indigenous peoples; and fifth ,a total of 100 million dollars to supply 40 thousand water tank using rainwater catchment, particularly in remote areas in Sabah and Sarawak. In the other hand, Malaysia Budget 2013 also has some negative implication. First of all, we see that this time the government spending is still a deficit which mean excess of expenditure over income ,although it decreased compared to last year (2012), from 4.7% to 4.0% of a 21.6 billion once the government accumulated outstanding debt of nearly 503 billion or half trillion for to-16 years in a row since 1997. That amount is

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