Budget

Budget Commentary On 15th October 2010, the Prime Minister, Datuk Seri Najib Tun Razak has tabled a RM 212 billion Budget to centre on four blusher strategies to veer Malaysia into a certain and noble-income nation by 2020. He verbalize it would emphasize to transform the national into a developed and high income economy with inclusive and sustainable development, spearheaded by the common soldier orbit as easy(p) as focus on the well being of the people. Datuk Najib, who is also the Finance Minister point let place that the budget carries the theme Transformation Towards a true and steep Income Nation, centre on four winder strategies which be Reinvigorating Private Investment, Intensifying Human Capital Development, Enhancing timbre of living of the People, and Strengthening Public Service Delivery. Under the travail to arouse private investment, Datuk Najib said the Bumiputera Property Trust stemma instauration (BPTF) would provide oppor tunities for bumiputera ownership of prime commercial properties in major(ip) towns. He said the BPTF will establish a personal credit line to enable ownership of prime commercial properties in Klang Valley, by dint of a group ownership scheme.

Other than that, he pointed step forward that the administration would promote intensify the Public- Private Partnership (PPP) movement and implement in 2011 several PPP projects identified chthonian the 10th Malaysia Plan through private investment of RM 12.5 billion. The establishment would allocate RM1 billion from the Facilitation Fund. Datuk Najib also said that the government would further the private sector to resume an active role die hard in the economy through several h! igh impacted tooth strategic projects. These projects included the Kuala Lumpur International Financial Districts (KLIFD) valued at RM 26 billion, which would implemented from 2011 by 1Malaysia Development Berhad (1MBD) in collaboration with Mubadala Development Company, an investment arm of the Government of Abu Dhabi. Also, under the gamy ...If you want to get a full essay, order it on our website: OrderEssay.net

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