Malaysians grappling with rising costs
of living, thanks to BN-Umno
Chua addressing parents and guardians of
children at the PKR Back To School bag presentation in Bakri New Village.
BAKRI (Jan 5, 2013): Malaysians today
are grappling with rising costs of living because of the corrupt and
incompetent Umno-led Barisan Nasional government.
Johor
PKR chairman Chua Jui Meng said the domino effect of the high retail price of
fuel on transport costs was inflation.
“That
is the reason why our sundries and other essentials are getting too expensive
for the poor. Hawkers and eateries are also struggling to make their food
affordable and are at the same time experiencing drastic cuts in income.
“Why
must our fuel cost more than Brunei? We are also a leading oil-producing
country in the world.
“What
we cannot fathom out is that Malaysia is the only oil-producing country in the
world that needs borrowings to keep the economy and government afloat,” he said
at a PKR Back To School bag presentation here this morning.
The
official federal debt figure is RM620 billion (inclusive of off Budget liabilities or sovereign guarantees for private
corporations like the Port Klang Free Zone and government-linked company loans
ending 2011) or
74% of Gross Domestic Product (GDP). The legislated federal debt ceiling is 55%
of GDP.
However,
the unofficial figure leaked out by Deputy International Trade and Industry
Minister Mukhriz Mahathir and reported by TheEdge
is RM800 billion.
Can
Malaysians expect economic growth and progress with such unabated rising
federal debt that is costing billions in interests?
Chua greeting parents and guardians of
children at the PKR Back To School bag presentation in Bakri New Village.
Chua
said the root cost of Malaysia’s financial woes “is because Umno is corrupt”.
“How
else to explain Mahathir Mohamad’s excessive accumulation of wealth of at least
more than RM132 billion (US$44 billion) during his 22-year reign as prime
minister.
“How
do you also explain Sarawak Chief Minister Taib Mahmud’s estimated combined
family wealth of RM65 billion,” Chua said.
He
said BN was clearly a party for the blatantly corrupt and the welfare of the rakyat was its least concern.
“The
choice is with the rakyat in the next 13th General Election. PR has
already revealed its slew of people-centric race-based free fiscal measures to
reduce the financial burden of the rakyat.
“This
starts with PR de facto leader Anwar Ibrahim’s promise that he would announced
a drop in the retail price of fuel within 24 hours upon his swearing-in as
prime minister,” Chua said.
Hello … Chua at the PKR Back To School
bag presentation in Bakri New Village.
