Budget 2014 Changes that don't add up to a reform

By Ooi Pei Qi

December 2013 COVER STORY
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Increased handouts, lack of transparency, purported subsidy cuts and more. Budget 2014 has some glaring issues. The 2014 budget was formulated with two prior events in mind: the election in May 2013 and Fitch Ratings’ downgrade of Malaysia’s credit ratings outlook in July 2013. The federal government handed out many “goodies” to electorates that had voted for the ruling BN coalition, such as increased Internet access and the upgrading of airports in Sabah and Sarawak. The introduction of the GST to...

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Ooi Pei Qi

is a research analyst at Penang Institute. She is interested in global trends that affect Penang.