Wednesday, April 10, 2013

BN manifesto logical, Pakatan's is populist

Barisan Nasional's manifesto is pragmatic and logical, while Pakatan Rakyat's manifesto contained populist promises that will only lead to chaos, said MCA Young Professionals Bureau chief Datuk Chua Tee Yong.
He said Barisan's manifesto was committed to creating a resilient, dynamic and innovative economy and had listed down specific measures for its successful implementation.
"It is clear that Barisan can fulfil the promises listed in the manifesto and the public can view it either through the media or the Internet," he said in a statement yesterday.
Chua said that since the introduction of the Economic Transformation Programme (ETP), Malaysia's gross national income per capita rose from US$6,700 (S$8,300) in 2009 to US$9,970 in 2012, showing a growth of 48.8 per cent in two years, which is proof of the nation's development.
He added that since 2010, the country's economy continued to grow more than 5 per cent annually and the Government had also successfully reduced the nation's debt to 4.5 per cent in 2012 from a deficit of 6.6 per cent in 2009.
"From this, we can look forward to the deficit being further reduced to 4 per cent and 3 per cent in 2013 and 2014 respectively," he said.
He said that last year, the country's investment expanded by 19.9 per cent since the ETP was implemented, with private sector investments totalling RM139.5 billion.
"All these successes proved that the nation's economic development is on the right track under Barisan's policy of sustainable development," he added.
In contrast, Chua said Pakatan had only come out with "vague promises" for its manifesto which were populist policies aimed at winning votes.
"Not only is there no specific plan to develop the nation and economic programmes, but the amount that they need to spend to fulfil their populist promises will top the nation's revenue, forcing the people to pay more taxes," he said.

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