EXPERIENCE IS THE TEACHER OF ALL THINGS
-Julius Ceaser

Thursday, October 21, 2010

Holes in Najib's 2011 budget

Liew does the math and finds holes in Najib's budget

This was taken from Harakahdaily.

the figures were not consistent with the Federal expense estimate for 2010 which states a total allocation of RM191 billion (RM191,498,805,000) including an operating budget of RM138 billion (RM 138,279,148,000).

“If these figures were correct, this would mean there exists a RM30 billion hole and a 16 percent overspend,”

“For 2011, RM2 billion is allocated for that purpose which the Finance Minister is attempting to hide from the public. The actual total is RM213,987,217,000 or RM 214 billion,” he said, adding that the RM214 billion budget saw an increase of 12 per cent from the RM191 billion originally allocated for 2010.

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