1Malaysia RM100 for your vote

Prime Minister Najib Tun Razak had announced in the 2012 Budget that all primary and secondary students nationwide would receive RM100 by the end of this month.

The funds would be deposited into the Bank Simpanan Nasional (BSN) accounts of the schools and subsequently handed out to the students or their parents.

MP: Budget didn’t address Sabah pressing issues

TAWAU: The member of parliament here, Datuk Chua Soon Bui, has referred Budget 2012 as a one-off budget which alleviates the burden of the people for a few months without any long-term impact.

"None of the pressing issues facing the people of Sabah had been addressed.

2012 Budget raises additional debt

'M'sia moving dangerously close to debt ceiling'

At RM437 billion, the nation is fast approaching its debt ceiling of 55 percent of gross domestic product, said Opposition Leader Anwar Ibrahim.

In a statement today, Anwar said that at that rate, the country’s debt-to-GDP ratio stands at 51 percent, leaving it not much room to even pay for the commitments made in Budget 2012.

Najib's 2012 Budget: Using GST to pay for Budget's cash incentives

Recent economic reports show that the growth predictions of the Prime Minister unveiled in Budget 2012 are not realistic. The latest is the projection made by the Malaysian Institute of Economics Research (MIER), which lowered its projection of 2011 economic growth to 4.6%.

Based on the global economic reality, the 5%-6% growth target will be diifficult to achieve. This will affect the national income for the year 2012 caused by the decrease in the collection of taxes and other revenue following slower economic growth in 2012.

BN 2012 Budget