When Pakatan Harapan presented an alternative budget, entitled “Averting a crisis”, we were very aware why we have chosen the theme rather than any overworked cliche like “Prospering the rakyat” (of the Barisan National’s budget). We predicted by the third quarter as very trying times.
While arguably liable to be accused of being “alarmist”, we wanted to call “a spade a spade”. Let the public face the truth of what is to come.
For managing the economy badly for the last 18 years (and especially since 2009), we have emphatically said that the government doesn’t have much fiscal room, both for counter-cyclical fiscal and monetary policies. Today we are more than vindicated.