Archive for category Budget

DAP proposes a one-year moratorium for all political parties where no racial, language, cultural or religious issues will be created or raised for every Malaysian to concentrate on the national priority of achieving economic recovery and growth.

Speech by Parliamentary Opposition Leader, DAP Secretary-General and MP for Tanjung, Lim Kit Siang, in the Dewan Rakyat on Monday, Oct. 26, 1987 on the 1988 Budget.

DAP proposes a one-year moratorium for all political parties where no racial, language, cultural or religious issues will be created or raised for every Malaysian to concentrate on the national priority of achieving economic recovery and growth.

The 1988 Budget of Finance Minister, Daim Zainuddin, on Friday, 23rd October 1987 had achieved a ‘first’ in many aspects, it is the first budget in Malaysian history which had the shortest public attention span, whether before or after the budget presentation. Read the rest of this entry »

Challenge to Datuk Harris Salleh on the companies I had mentioned in my budget speech in Parliament

Press Statement by Parliamentary Opposition Leader, DAP Secretary–General and MP for Kota Melaka, Lim Kit Siang, in Petaling Jaya on Saturday, Oct. 27, 1984:

Challenge to Datuk Harris Salleh on the companies I had mentioned in my budget speech in Parliament

On Thursday, the Berjaya MP for Hilir Padas, Mohamed Yusuf Haji Yakob, denied the truth of what I said in Parliament during my budget speech about the companies involving Datuk Harris Salleh, Sabah Chief Minister. Read the rest of this entry »

Daim’s Maiden Budget

Speech by Parliament Opposition Leader, DAP Secretary-General and MP for Kota Melaka, Lim Kit Siang in Dewan Rakyat on the 1985 budget on October 24, 1984

I congratulate the new Finance Minister, Daim Zainuddin, for delivering his maiden Budget last Friday – and if I am not mistaken, it was also his maiden speech in Parliament.

Daim Zainuddin’s budget has another distinction in that it provoked a public protest and demonstration in Johore Bahru on Sunday for its being a “rich man budget”, at a period of deteriorating economy and worsening poverty arising from escalating prices of essential foodstuff and scarcity of low-cost housing. Read the rest of this entry »

Harries Salleh should be reprimanded for not telling the truth in Parliament, and for his far from sincere and honest attitude to disclose his entire land property in Labuan

Speech by Parliamentary Opposition Leader, DAP Secretary-General and MP for Kota Melaka, Lim Kit Siang, in the Dewan Rakyat on Monday, 23.7.1984 on the Privileges Committee Report on Fung Ket Wing and Harris Salleh

Harries Salleh should be reprimanded for not telling the truth in Parliament, and for his far from sincere and honest attitude to disclose his entire land property in Labuan.

On 31st October 1983, while debating on the 1984 Budget, the DAP MP for Sandakan, Fung Ket Wing, expressing concern at the possible conflict of interest arising from the proposal to establish Labuan as Federal Territory, made the following statement: Read the rest of this entry »

The Plight of Trawler Fishermen

Trawler fishermen, who had been encouraged by the Fisheries Department to convert from traditional methods to trawler fishing in the mid-1960s, to help increase the total fish landings in the country, are now faced with great hardships and difficulties, especially after 1980 Fisheries Regulations which require trawl nets to have mesh size of not less than 1.5 inches, as compared to the previous 1 inch mesh size.

On 19th October 1982, the Batu Pahat Fisheries Association, Johore, in an emergency meeting, adopted the following resolutions requesting the Minister of Agriculture to help them: Read the rest of this entry »

DAP calls for withdrawal of 5% Sales Tax increase and the deferring of the $1,900 million defence development expenditure for 1983 until better economic times

Speech by Parliament Opposition Leader, DAP Secretary-General and MP for Kota Melaka, Lim Kit Siang, on the 1983 Budget in the Dewan Rakyat on Monday, 25th October 1982.

DAP calls for withdrawal of 5% Sales Tax increase and the deferring of the $1,900 million defence development expenditure for 1983 until better economic times.

Last October, the Finance Minister, Tengku Razaleigh, presented the 1982 Budget deliberately to generate euphoria to win votes in the April general elections, hiding the grim truths of hard economic times from the people. Read the rest of this entry »

sugar-coated election budget

Speech by Parliamentary Opposition Leader, DAP Secretary- General and MP for Petaling, Lim Kit Siang, in the Dewan Rakyat on Tuesday, 27th Oct. 1981 on the 1982 Budget.

1982 Budget- a sugar-coated election budget which gives away $167 million in reduced taxes on consumer items in return for a blank cheque to spend $80.95 million nest year.

The 1982 budget is clearly an election budget- sugar-coated to win votes in the next general elections expected early next year. Those who have doubts about the general elections being held next year need doubt no more with such a budget, especially with the way fears of the people were created and manipulated that there would be a tough budget, followed by the relief of a soft budget. Read the rest of this entry »

1982 Budget- a sugar-coated election budget which gives away $167 million in reduced taxes on consumer items in return for a blank cheque to spend $80.95 million nest year.

Speech by Parliamentary Opposition Leader, DAP Secretary- General and MP for Petaling, Lim Kit Siang, in the Dewan Rakyat on Tuesday, 27th Oct. 1981 on the 1982 Budget.

1982 Budget- a sugar-coated election budget which gives away $167 million in reduced taxes on consumer items in return for a blank cheque to spend $80.95 million nest year.

The 1982 budget is clearly an election budget- sugar-coated to win votes in the next general elections expected early next year. Those who have doubts about the general elections being held next year need doubt no more with such a budget, especially with the way fears of the people were created and manipulated that there would be a tough budget, followed by the relief of a soft budget. Read the rest of this entry »

State Advances Fund

Speech by the Parliamentary Leader, DAP Secretary-General and Member of Parliament for Petaling, Lim Kit Siang, in the Dewan Rakyat on the motion to establish a States Advances Fund under the 1957 Financial Procedure Act on October 16, 1981

The Deputy Finance Minister, Datuk Najib Tun Razak, yesterday moved a motion to propose the establishment of a States Advances Fund under Section 10(4)(a) of the Financial Procedure Act 1957 to help States having financial difficulties. The Deputy Finance Minister said that with the expected increased tempo of development in the country, the government was of the view that such a Fund would play an ever important role.

In emphasising that financial support for the states from the Central Government is very important to speed up development in the states, the Deputy Finance Minister is attempting to present the debate on the States Advances Fund as whether one was for development or against development. Read the rest of this entry »

Industrial Co-ordination Act

Everyone had expected an election budget, and true to expectations, the 1978 Budget that was presented last Friday was an election Budget. The trouble with an election budget, which gives out sweets, is that after elections, not only are the sweets taken away, but even more bitter pills are administered to pay for the pre-election sweets.

A closer study of the 1978 Budget shows that the sweets are given to the well-off and not to the poor, but which the poor will have to pay for after the elections. Import duties for jewelry , diamonds gold and precious stones are slashed by 10%, and on top of it, the sales tax on these items are further slashed from 10% to 5%. These election sweets are not for the poor, but for the rich.
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