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Budget 2013: Behind the theatrics #5-The PTPTN Dilemma

Every year, eyes are peeled and ears are pricked for the Budget speech by the Prime Minister. The speech, unfortunately, is more theatre than substance. It highlights populist measures and dangles enticing carrots in the name of caring for the rakyat. But, are these glorified goodies really weeding out the root of the problems, or merely slashing at the stems? What cure does Malaysia’s economy really need? Does Pakatan Rakyat’s Alternative Budget offer better solutions, or are their proposals just as questionable? REFSA reveals the real deal behind the razzle-dazzle in our all new infographic series Budget 2013: Behind the Theatrics.

Infographic #5 - The PTPTN Dilemma

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Sources:

[1] Dirty data behind PTPTN’s mountain of debt. Available at http://www.malaysiakini.com/news/214490 Retrieved 20 Nov 2012.

[2]  Teh Chi-Chang, UMNO-nomics: The Dark Side of the Budget (Research for Social Advancement (REFSA), 2012), Pg 44.

[3] Chinese students won lion’s share of PTPTN loan write-offs. Available at http://www.themalaysianinsider.com/mobile/malaysia/article/chinese-students-won-lions-share-of-ptptn-loan-write-offs/ Retrieved 20 Nov 2012.

[4] Costly to scrap PTPTN. Available at http://www.mmail.com.my/story/costly-scrap-ptptn Retrieved 20 Nov 2012.

[Stock images and vectors credited with thanks to sxc.hu, Creative Commons, clker.com, all-silhouettes.com and freevectorsdaily.com]

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