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View Full Version : 8 billions addtional expenditure, what be the total?



erictan26
21-05-2007, 11:07 PM
for the payhike, additional allowance, there be EXTRA 8 billion per year for the govt expenditure. It be the extra, what the TOTAL expenditure ( salary n allowance ) for civil servant per year? anybody got the figure?

usj18leong
22-05-2007, 01:09 PM
Just for your information, in every 20 Malaysian, there is a government servant.

cskok8
22-05-2007, 04:16 PM
Just a thought. When the BN govt presented the 2007 budget at the end of last year, all the figures are just estimates (e.g. income may be higher or lower than that given in the budget). We also know that every year there will be a few supplementary budgets sent to parliament to be debated ;) and passed. When and how is the final accounting of income and expenditure for a particular year presented? Or is it OSAed

sirgalahad2010
22-05-2007, 05:52 PM
The Spore Business Times (http://business-times.asia1.com.sg) today reported that the salary hikes would amount to RM3.4 billion this year, doubling next year to RM6.8 billion.

An additional RM1.2 billion would be required to fund the higher COLA payments.

The budget deficit is expected to widen from 3.4% of GDP to just under 4% (according to CIMB group economist Lee Heng Guie, as reported in BT)

Looks to me like pump priming. The govt is trying to rev up the domestic economy by boosting the spending power of civil servants. Signs of hard times ahead, especially a downturn in exports and the manufacturing sector - the country losing in competitiveness?