Prime Minister Ismail Sabri Yaakob on Monday (Sept 27) tabled the 12th Malaysia Plan saying the country will allocate RM400 billion for new and existing projects making it the country’s biggest five-year road map that is 54 per cent bigger than the 11th Malaysia Plan unveiled in 2016 that had set aside RM260 billion.
But experts are now asking the hard questions: Where will the RM400 billion come from in the wake of the massive amount of money the country had to spend to address economic issues caused by the COVID-19 pandemic?
They also ask how will the gov’t fund the projects if taxation is not increased because experts foresee the Budget 2022 will not have tax increases. “Show the money“, some experts are saying.
