Malaysia under BN having several baggages unseen in other countries.
1. Rampant corruption
Bolehland is famous for its one stop corruption house from the top to bottom. The jaws on the top will using rent-seeking and contract kickbacks to ransack billions from the nation’s coffers while the fries on the bottom will using extortion and bribery to steal money from the rakyat’s pockets.
PEMANDU estimated RM10 billion lost to corruption each year is very under estimated.
The GFI estimated outflow illicit funds in 2009 is US$ 21.47 billion or RM 65.333 billion. For 2000 to 2009, the average illicit outflow black money is RM 48 billion each year.
Set aside a few OPEC oil exporting countries in Middle East and other continents, Malaysia is the number one corrupt nation in the world, followed by Russia.
2. Over-staff bloated pubic services
Malaysia with 1.3 million public servants is going to drain out scarce resources to salary and pension payments, the funds leftover for development is minimum. The public servant to population is the highest in the world. Another boleh record!
Malaysia: 4.5%
Thailand: 2.06%
Indonesia: 1.79%
Singapore: 1.47%
South Korea: 1.85%
The operating to development budget gap was growing over years. For instance, only 21.12% funds in 2012 budget are allocated for development.
How can Malaysia compete with Korea, China, Singapore, etc, in human resources and R&D if 79% funds are used for operating and debt payments purposes?
3. Wasted subsidies
It’s reported 32.2 billion are budgeted for food and fuel subsidies in 2012. Every Malaysian supposed to receive RM1100 subsidies per year on paper?
How many poor rakyat without cars are enjoying fuel and toll subsidies?
How many controlled items are smuggled out to neighboring countries?
How many billions fuel subsidies for IPPs are fully utilized? Our electricity tariff is still slightly higher than Thailand who is receiving zero subsidies in fuel.
In layman word, RM19 billion fuel subsidies each year for Tenaga and IPPs are wasted due to 40% excess capacity.
4. Astronomical national debts
Malaysia government total debts as at 20 Jan 2012 is RM 440.846 billion.
Do you think Malaysia government can repay these huge debts before bankruptcy by 2019 as forecasted by Pemandu?
5. Racial NEP
NEP did help Malays to achieve better economic status at the cost of non-bumi being discriminated. The unity among Malaysians was pushed backward and the brain drain of educated non-bumi to foreign countries.
UMNO achieved its goal of reducing the number of non-bumi Malaysians with NEP apartheid policy.
6. Over dependent on cheap foreign workers
An industrial estate next to my new village in Muar hire more than 4000 foreign workers compared to less than 3000 total villagers. Foreign workers occupy at least 90% of factory jobs in the industrial estate.
Foreign workers have to be chased out from the village assembly hall when DPM Muhyiddin delivered his speech during the CNY party, otherwise he would shock to see 70% audiences in the hall are aliens.
Why no quota limit for foreign workers in the factories?
Uncontrolled presence of cheap foreign workers has brought down the salary level for local workers and it’s impossible for local people to work in the factories at the salary paid to foreign workers.
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