Global race to safeguard future

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NSTopinion: The Minister’s words were certainly welcomed, given the warning by economists a week earlier that Putrajaya should not “dip into the BNM reserves” which now stands at RM426 billions.

Does the general public have the right to know where the money is coming from? Is the federal government obliged to table a special Budget on it in Parliament?

Parliament is now not in session, but when the time comes for our Members of Parliament to attend the Dewan Rakyat , they owe a duty to their voters to ask the government to explain where the money is coming from and when it is going to be disbursed and spent. The Minister’s words were certainly welcomed, given the warning by economists a week earlier that Putrajaya should not “dip into the BNM reserves” which now stands at RM426 billions. They suggested that Putrajaya should raise funds for its stimulus package by borrowing directly from capital markets, either BNM or Petronas.

 

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