Prime Minister Najib Razak has been warned not to make up for the huge shortfall in his Budget 2015 with further borrowings as the country can ill afford it.
PKR's Bayan Baru MP Sim Tze Tzin said the budget shortfall caused by the plummeting world oil prices, the weakened ringgit as well as the huge flood disaster recovery expense, may be as high as RM25 billion, or 9.2 percent of the budget.
"We would like to urge the prime minister to be forthright about how much the budget shortfall is at tomorrow’s special briefing to the nation."
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No more borrowing to cover shortfall, Najib warned
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PM must first cut his administration's spending to cover budget shortage, says PKR.
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