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Newsletter and Others

REFSA Quarterly Jan 2013-The Budget 2013 Issue

Dear Readers,

Whenever the National Budget is announced, an adage comes to mind, “If something sounds too good to be true, it usually is.” Like the previous year, Prime Minister Dato Sri Najib Razak untied his sack of goodies on 28 Sept 2012 and lo! Out bounced RM 3 billion worth of handouts for poor families, ballooned subsidies, discounts for public transportation, incentives for the entrepreneurs and, curiously, smartphone rebates for the gadget-glued youths.

We at REFSA joins the more discerning Malaysians in being cautious about these budget goodies. Do they really add value to our quality of life in the long run? Are they digging a bigger grave for our economy? What is the real price of these big-ticket expenditures in the name of  “enhancing the well-being of the rakyat”?

REFSA Quarterly Jan 2013 To move beyond spinning in rhetorical circles, REFSA attempts to answer these questions by analyzing the Federal Budgets of 2012 and 2013 within the context of Malaysia’s economic reality, as well as pitching them against the Alternative Budgets proposed by federal opposition coalition Pakatan Rakyat.

To misquote the online movie-review sensation Nostalgia Critic, we crunch the humongous numbers and dry data so you don’t have to. Read here for our extensive analyses on the Budget, captured in vibrant and down-to-earth infographics for easy digestion on the chunky topics. You can also view and download these materials on our website www.refsa.org.

Happy new year, Malaysians! We survived plenty in 2012 (such as the umpteenth apocalypses-that-weren’t), but the fight for a better Malaysia continues. Here’s wishing our readers conscience and wisdom in the year of the 13th General Elections!

Foong Li Mei

Managing Editor

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