Tuesday, 29 October 2013

A penny saved is a penny earned


Budget 2014 was tabled on Friday and it did not come as a surprise that our operating expenditure has escalated. In simple language, we are spending more than what we are earning. Faced with such a situation, anyone running a business would be looking for ways to reduce his expenses, cut costs and find ways to improve his revenue streams.

Government should have to be run like a business. They should have to set a budget and stay within it. They should nit be borrowing money and raising taxes. When government runs out of money, they should just cut their spending across the board.

Government requires the same basic "business plan" .Let's start with resizing, the subject of most of the debate about government today. How much should we spend on government? How large or small should the deficit be? How much should we cut? A good place to start is discussing how we can control reckless spending, spend more wisely, and make the decisions necessary to bring spending in line with what we're able and willing to pay for it.

When we talk about cutting government spending, we are not going to be able to get out of our long-term budget problems without cutting something and the cuts we make have to be morally defensible. The Cabinet – and all the rest of us – has to be able to say that we have preserved and even made progress on the things that matter. And we also all have to believe that the things we cut are things we can live without, or at least are the best alternatives in a range of bad options

But obviously, something has to be taxed, and something has to be cut if we are going to solve this. There were all kinds of proposals put out there, from different members and politic parties and the reaction to each can be summed up like this: “You want to cut that? But we need that!” Or, from another angle that’s been heard a lot lately because of the GST: “You want to tax what? We can’t tax that!”

We can and should weigh priorities and programs and ask the fundamental questions: Are these programs working? Are they really important priorities? Taming the budget is about setting priorities, and they have to be priorities that match up with our values: fairness, compassion, maintaining jobs and economic growth, and preserving our national interest.

Rakyat deserve a budget that invests in the future, protects the most vulnerable among us and helps to create jobs and economic security.

A responsible budget is when government can be able to look at rakyat in the eye and say, “This is the best choice we can make.” This is not just about balancing the books. It’s about deciding what matters.

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