BN’s manifesto says that it promises to reduce fiscal deficit:
In its election manifesto, Prime Minister Abdullah Ahmad Badawi’s coalition also pledged to create two million new jobs, encourage one million new businesses and rein in the fiscal deficit over the next five years. [Malaysia PM woos non-Malays in election manifesto. Reuters. February 25 2008]
I wonder, I wo-wo-wo-wo-wonder, how is he going to do that with his planned increase in public spending for IDR, NCER, ECER, SCORE, SDC, OMG, WTF, LOL, ROTF, ZZZ, etc, etc…
Will it be through private finance initiative? Or based on hope that the economy will improve tremendously? Or through multiplier effect brought upon by projects implemented? Or taxation? Or what?
3 replies on “[1561] Of deficit reduction through increased spending!”
If I were a Teenage Mutant Ninja Turtle, now I’d say “Koanwbuga, dude!”
“Or through multiplier effect brought by projects implemented?”
Haven’t u heard of the amazing, magical BN multiplier? For every ringgit of government spending, the multiplier is (up to the politician’s imagination).
Some New Age sites suggest that reality begins with imagination. Perhaps, BN adopted this approach.
PS. Your spam blocker is too erm, “challenging”…
Government to create 2 millions new job from 26 millions population!!!
Wow-wow-wow-wow, even economy giant US-A can’t do it. I crack my head and can’t find method for a GOVERNMENT to do it except “create” empty position that do nothing.
But how to get the money… hmmmmmm…Learn from Zimbabwe?