Media Statement (2) by Lim Kit Siang in Petaling Jaya on Sunday, 12th October 2008:
Tomorrow is Najib first test in Parliament as Finance Minister – whether he has a revised 2009 Budget to take corrective measures to shield the country from the world’s worst economic crisis in 80 years so as to enhance competitiveness, boost growth and tamp down inflation
Tomorrow when Parliament reconvenes to start
the 2009 Budget debate is the first parliamentary test of Datuk Seri
Najib Razak as Finance Minister – whether he has a revised 2009 Budget
to take corrective measures to shield the country from the world’s worst
economic crisis in 80 years so as to enhance competitiveness, boost
growth and tamp down inflation.
The price dropped US$5.61 to US$77.05 a
barrel on London's ICE (Intercontinental Exchange) Futures exchange on
As Najib has been Finance Minister for 25 days, there is no reason why he is unable to announce a revised 2009 Budget in Parliament tomorrow taking fully into account the sharpest drop of the price of oil in 13 months by lowering the pump prices of petrol.
Furthermore, Malaysians want to know what proactive policy would be pursued in a revised 2009 budget to tamp down inflation to ensure that the lowest price of world crude oil in 13 months is felt and translated in the daily lives of ordinary Malaysians – or as one commentator on my blog put it:
“Does this mean that I wil be able to ask my children’s school van operator to lower the fare from RM100 down to the RM80 previously. Or does this translate to paying RM3.50 for chicken rice from the current RM4.00?”
Or will the 5pack Curry Flavour Maggie Mee which increased from RM2.59 at the end of 2007 to RM2.89 in January 2008 and now costs RM3.99 come down in prices?
If Najib has no revised 2009 Budget for Parliament tomorrow, he would have failed his first test as Finance Minister after more than three weeks since Sept. 17.
Lim Kit Siang, DAP Parliamentary leader & MP for Ipoh Timor