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Wednesday October 19, 2016
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The Opposition’s alternative budget projects a revenue of RM 204.41 billion against an expenditure of RM 238.23 billion, with a deficit of RM 33.82 billion. — File picThe Opposition’s alternative budget projects a revenue of RM 204.41 billion against an expenditure of RM 238.23 billion, with a deficit of RM 33.82 billion. — File picKUALA LUMPUR, Oct 19 — In its alternative Budget 2017 unveiled today, the Pakatan Harapan proposed a RM10 billion operation expenditure allocation reduction to the Prime Minister’s Department.

The Opposition front said that even though its projected budget would rake in less revenue due to its zero-rate policy on the Goods and Services Tax (GST), the lower operating expenditure would result in a smaller budget deficit.

It added that the savings would come from cutting the PM Department’s budget from RM20.31 billion in the 2016 budget to RM10.31 billion as well as by combating corruption and wastages.

“Overall savings from corruption and wastage is estimated at 20 per cent of all expenditure items,” Pakatan said in the alternative budget document presented to reporters at Parliament.

It said that based on the latest Auditor-General’s report, corruption and wastage factors at between 20 to 25 per cent.

“A concerted fight against corruption wastage coupled with the full implementation of an anti-bribery system will immediately yield the 20 per cent savings in one fiscal year,” it said.

The Opposition’s alternative budget projects a revenue of RM 204.41 billion against an expenditure of RM 238.23 billion, with a deficit of RM 33.82 billion.

The development expenditure is projected at RM 49.11 billion. — Bernama

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