Wiping out graft to fatten coffers

Free Malaysia Today

Will the government’s proposal, under Budget 2025, to eradicate corruption and improve management of the nation’s finances help to raise revenue?   Read More:  https://www.freemalaysiatoday.com/category/nation/2025/01/03/wiping-out-graft-to-fatten-coffers/   Laporan Lanjut:  https://www.freemalaysiatoday.com/category/bahasa/tempatan/2025/01/03/membasmi-rasuah-demi-mengkayakan-negara/   Free Malaysia Today is an independent, bi-lingual news portal with a focus on Malaysian current affairs.    Subscribe to our channel - http://bit.ly/2Qo08ry   ------------------------------------------------------------------------------------------------------------------------------------------------------  Check us out at https://www.freemalaysiatoday.com  Follow FMT on Facebook: https://bit.ly/49JJoo5  Follow FMT on Dailymotion: https://bit.ly/2WGITHM  Follow FMT on X: https://bit.ly/48zARSW  Follow FMT on Instagram: https://bit.ly/48Cq76h  Follow FMT on TikTok : https://bit.ly/3uKuQFp  Follow FMT Berita on TikTok: https://bit.ly/48vpnQG  Follow FMT Telegram - https://bit.ly/42VyzMX  Follow FMT LinkedIn - https://bit.ly/42YytEb  Follow FMT Lifestyle on Instagram: https://bit.ly/42WrsUj  Follow FMT on WhatsApp: https://bit.ly/49GMbxW  ------------------------------------------------------------------------------------------------------------------------------------------------------  Download FMT News App:  Google Play – http://bit.ly/2YSuV46  App Store – https://apple.co/2HNH7gZ  Huawei AppGallery - https://bit.ly/2D2OpNP   #FMTNews #AnwarIbrahim #Budget2025 #Corruption

Transcript

00:00Budget 2025 proposes combating corruption and financial mismanagement

00:06to boost revenue without increasing the national debt of RM1.2 trillion

00:10or relying on unpopular taxes.

00:12Think Tank, Amir Research, estimates that Malaysia lost RM2.3 trillion

00:17to corruption from 1997 to 2022,

00:20which would be enough to give every Malaysian RM74,000 each.

00:25The government also claimed that enhancing public procurement

00:28and subsidy programs could save RM30 billion annually,

00:31which could then be used to meet public needs.

00:35It's unconscionable to imagine that you can then propel the economy

00:40at the same time condone these excesses,

00:43partly due to corruption, partly to flawed policies,

00:47partly to maybe policies that seem inconsistent with the conventional thinking.

00:56Missteps in investments by government-linked companies

00:59like the RM43.9 million lost in Fashion Valet

01:02underscore the need for more prudent financial management.

01:06As such, Budget 2025 proposes reforms such as mandatory open tenders,

01:10enhanced auditing powers to prevent closed-door deals,

01:13and improved financial oversight and tracking taxpayers' money.

01:17Moreover, holding those responsible for financial mismanagement accountable

01:20and extending reforms to include all sectors receiving public funds

01:24are seen as critical steps for a healthier Malaysian economy.

01:28Natasha Buz, FM2 News.

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