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Sunday, August 9, 2009

People First : People's Well-being, Lower Costs For Private Sector For Budget 2010

BAGAN SERAI, Aug 9 (Bernama) -- The people's well-being, especially in facing the rising cost of living and lower cost of doing business for the private sector will be among the main inputs in the government's preparation of its budget for next year, said Second Finance Minister Datuk Seri Ahmad Husni Hanadzlah.

He said inputs from the people and the private sector were being scrutinised by the government through discussions with focus groups so as to arrive at the righ allocations for these two areas.

He said the 2010 Budget was likely to be the same or lower than that of last year, which amounted to RM207.9 billion, because of a drop in revenue in the wake of the global economic crisis.

"The government is also in the process of identifying alternative sources of income to raise national revenue," he told reporters after opening Bagan Serai Umno's annual delegates meeting here Sunday.

He added that there were also focus groups evaluating inputs for specific areas like small and medium industries, manufacturing, exports, infrastructure development and urban transport.

"We expect to finalise the budget by September or October," he said, adding that the government was also working towards reducing further the budget deficit this time around.

Prime Minister Datuk Seri Najib Tun Razak is scheduled to table Budget 2010 in Parliament Oct 23.

-- BERNAMA

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