COMMENT by Ram Anand | When Prime Minister Najib Abdul Razak took the stage two days ago to announce revisions to the 2015 federal budget, he addressed his speech to civil servants, dignitaries and also the Malaysian people at large.
Much has been said and debated about Najib's revision, which only cut about 2 percent of the initial federal budget in the face of plummeting crude oil prices and value of the ringgit, while trying to spur more small and medium enterprises (SMEs) activities and domestic consumption.
Najib, who is also the finance minister, outlined three key strategies to put the budget back in line with realistic goals for this calendar year, and within them, contained a host of cost-cutting measures picked from various programmes – from freezing the National Service to reducing grants to government-linked companies (GLCs), and so on.
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