Thursday, 3 October 2013
Fiscal Prudence must begin with the Government
Much has been said over the Auditor General’s report and there is no need to repeat it here. As the list of wastages continues, Malaysians will turn less receptive over the Government’s subsidy rationalization exercises and the potential introduction of GST on the basis of trimming spending and reducing the budget deficit.
No doubt, there is a real urgency to address the budget deficit. And yes, the pain will have to be shared. But reports of such wastages lead many to wonder why the Government is not more financially responsible at a time of limited resources.
Surely, to be credible and gain the support of the public who are asked to make sacrifices, the Government must at the very least show commitment to be more prudent and to ensure that actions are taken against all abuses, without fear or favour. All leaders can only lead by example.