The 11th Malaysia Plan is not rooted in reality, is not transparent and is far from being a game changer

Media Statement by Dr. Ong Kian Ming, MP for Serdang, on the 21st of May, 2015

I am completely underwhelmed by the recently tabled 11th Malaysia Plan. I was expecting a document that would chart a new course to the status of a developed nation and beyond. What was tabled was a document that is divorced from current political and economic reality, is totally not transparent and is far from being a game changer.

One of the key economic challenges facing the country in 2015 and 2016 is the impact of low oil and gas prices on public finances. The unexpected and rapid fall in the price of oil to below US$40 per barrel at the end of 2014 forced the Prime Minister to announce some expenditure revisions at the beginning of the year. With the expectation of oil prices hovering below US$100 per barrel and low gas prices as a result of the increased production of shale gas in the United States, the revenue which the government derives from oil related sources – the petroleum tax, the income tax and the special dividend from Petronas – is expected to take a significant hit. Without a significant revision of long term government spending and without an increase in the recently introduced Goods and Service Tax (GST), I don’t see how the government can realistically expect to eradicate the budget deficit and the government debt to GDP ratio to below 45% by 2020.

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首相纳吉明天将在国会提呈第十一马来西亚计划 (2016至2020年)。这项大马计划将引领我们达成2020年先进国家的宏愿。因此,大家都对此计划抱着非常高的期望,因为它不仅将为如何达成先进国家宏愿勾勒蓝图,而且也为未来前进的方向铺路。


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Senarai harapan saya untuk RMK-11

Kenyataan Media oleh Dr. Ong Kian Ming, Ahli Parlimen Serdang pada 20 Mei 2015

Perdana Menteri Najib Tun Razak akan membentangkan RMK-11 (bagi tahun 2016 – 2020) dalam sesi Parlimen esok. Rancangan Malaysia ini akan membawa kita kepada status negara maju menjelang tahun 2020. Oleh itu, ramai yang menaruh harapan bahawa RMK-11 bukan sahaja akan menggerak Malaysia ke arah status negara maju, malahan akan menentukan hala tuju negara selepas itu.

Berikut merupakan senarai harapan saya terhadap RMK-11. Malangnya, semasa penyediaan pelan ini, tiada satu pun parti mahupun Ahli Parlimen dari pihak pembangkang telah diajak berunding meskipun kami mewakili 52% pengundi Malaysia.

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