Pro GST and above board economy

Dear editor,

Appreciate if you can publish this proposal

I pity the present government & the PM as he is stuck between reducing the budget deficits / growing the economy and stop pleasing this non productive population. What more when we are in the fragile recovery and approaching the next general election. Mr Prime Minister, you must make some unpopular decision, we don’t want Malaysia to be like Iceland, Spain or Greece. Whilst, everyone is praising our one Malaysia concept, national key results area (NKRA), the high income economy, the new economic model, the education system etc…but, I cant help listening to forums and various public discussion that the crux of our economic malaise is the “implementation process”. Malaysia hv all the good governance system at par with the develop countries but our implementers mismanaged their roles. One area that I see that can assist the government in implementing their expenditure is to outsource or privatize the “implementation part i.e.… in development spending and the collection of taxes / duties. Give this disbursement job to the banks. With free costs of funds, the least these bankers can do (if they don’t hv to pay interest to the government) is to take in some of the government bureaucrats and implementers into the bank. The bank hv all the systems / processes and technology to quickly disbursed and monitor these expenditures / projects. If any bank failed to deliver or behave like the current bureaucrats, go pick another bank. I’m sure most banks will efficiently do their best job to get these free floats of funds in their banking system. If that too failed, give the job to a proven foreign bank. I’m sure they too want the government funds. This way it’s a win win situation, where the banks hv access to cheap funds, the government can transfer its bloated government personnel to the banks, but of course if the motive of the development expenditure is non transparent, we will keep on suffering in the current predicament. There hv been examples of government funding through the banking system. But the big complaints for the construction payment, education buildings etc… on the tax / duties collection side, we know our economy is not that efficient yet, I’m sure there are some monies that is underground, not tax or did not go through the banking system, this illegal pirates and money laundry activities are some of the causes that makes our economy inefficient, real monies that never goes into the economy but spend or wasted elsewhere. Let the tax collectors and government planners be in charged of “policy making” and let the spending and the collection of country’s money be in the hand of these professionals. Anyway you do hv Bank Negara Malaysia to “whip” these bankers, right!

Pro GST and above board economy

Ras
Setiawangsa


""We are made wise not by the recollection of our past, but by the responsibilities for our future,"" by George Bernard Shaw