Economist Moots Pay Cuts For Ministers


 
An economist has proposed that cabinet ministers and their deputies take pay cuts as part of the government’s austerity drive amid the rising cost of living brought about by volatility in the global market. - NSTP file picKUALA LUMPUR: An economist has proposed that cabinet ministers and their deputies take pay cuts as part of the government's austerity drive amid the rising cost of living brought about by volatility in the global market.
Associate Professor Aimi Zulhazmi Abdul Rashid said cutting salaries and allowances of ministers and their deputies would complement the government's austerity measures announced in a circular dated July 14.
He said implementing pay cuts, coupled with the austerity measures, would reflect the government's commitment to mitigating the impact of a volatile global economy on the people.
"To go in tandem with the austerity measures, it is recommended that cabinet ministers take pay cuts to show the seriousness of the government in helping all segments of society.
"We cannot control external factors because it is a global situation, from disruptions to the supply chain to the geopolitical development in eastern Europe.
-ADVERTISEMENT-Ads by "However, we can take control of our domestic situation," said Aimi Zulhazmi, who is an economic analyst at Universiti Kuala Lumpur's Business School.
He said he welcomed the austerity measures, which he described as a step in the right direction.
He said the austerity measures underlined the critical situation the economy is in and it should serve as a guideline for the private sector.
He said the reported 9.1 per cent inflation rate in the United States for June would mean tighter monetary control and higher interest rates, which would affect global economic recovery.
In Malaysia, he said, expenditure on subsidies is expected to exceed the national budget meant for development.
"Therefore, towards the end of 2022, we should not expect there to be much development expenditure left. This may affect the formulation of the 2023 Budget."
Political analyst Azmi Hassan said austerity measures should have been introduced at the beginning of the year.
"It is a good measure, but it is a little late," said the senior fellow at the Nusantara Academy for Strategic Research.
He said ministers and their officers have made many official visits abroad in the last few months.
"These visits incur enormous expense and it should have been stopped a long time ago.
"I think it is not enough for them to travel in economy class. We should discourage these visits at the moment if they are not critical."
Azmi said the civil service's efforts to cut spending should be appreciated as the savings can go to subsidies.
"The five per cent target for austerity measures for government agencies is very achievable. Perhaps the target should be increased to 10 per cent next year."
Treasury secretary-general Datuk Seri Asri Hamidon, in a circular dated July 14, announced that the government would implement new restrictions to optimise government spending amid the rise in the cost of living. - NST


Artikel ini hanyalah simpanan cache dari url asal penulis yang berkebarangkalian sudah terlalu lama atau sudah dibuang :

http://malaysiansmustknowthetruth.blogspot.com/2022/07/economist-moots-pay-cuts-for-ministers.html

Kempen Promosi dan Iklan
Kami memerlukan jasa baik anda untuk menyokong kempen pengiklanan dalam website kami. Serba sedikit anda telah membantu kami untuk mengekalkan servis percuma aggregating ini kepada semua.

Anda juga boleh memberikan sumbangan anda kepada kami dengan menghubungi kami di sini
Wrong Time To Ask For Posts Of Dpm Ministers Najib Tells Muhyiddin

Wrong Time To Ask For Posts Of Dpm Ministers Najib Tells Muhyiddin

papar berkaitan - pada 3/7/2022 - jumlah : 82 hits
Najib Razak claims Muhyiddin Yassin may have asked for the posts to prevent more MPs from leaving Bersatu PETALING JAYA Former prime minister Najib Razak has lashed out at Bersatu president Muhyiddin Yassin for getting his priorities wrong ...
Salary Hike For Cm Ministers Reps

Salary Hike For Cm Ministers Reps

papar berkaitan - pada 19/7/2022 - jumlah : 122 hits
Hajiji KOTA KINABALU The State Legislative Assembly has approved a bill to increase the salaries of administration and Legislative Assembly members at the August House Chief Minister Datuk Seri Panglima Hajiji Haji Noor has proposed for the...
Ahmad Maslan Bersatu Has Two Senior Ministers No Need For Dpm Post

Ahmad Maslan Bersatu Has Two Senior Ministers No Need For Dpm Post

papar berkaitan - pada 12/7/2022 - jumlah : 111 hits
Bersatu does not need the deputy prime minister s position because it already has two senior cabinet ministers said Umno secretary general Ahmad Maslan Ahmad said in contrast Umno and Gabungan Parti Sarawak only had one senior cabinet posit...
Rush For Bottled Water In Penang As Taps Dry Up After Kedah Floods

Rush For Bottled Water In Penang As Taps Dry Up After Kedah Floods

papar berkaitan - pada 7/7/2022 - jumlah : 107 hits
A woman walks past empty shelves previously stacked with bottled water at Lotus s Jelutong Penang GEORGE TOWN Residents in Penang are storing water and rushing to buy bottled water at supermarkets in anticipation of a possible supply disrup...
Mps Ministers Arrive At Hotel For Closed Door Briefing Over Sulu Issue

Mps Ministers Arrive At Hotel For Closed Door Briefing Over Sulu Issue

papar berkaitan - pada 22/7/2022 - jumlah : 102 hits
Foreign Minister Datuk Seri Saifuddin Abdullah file picPETALING JAYA Several ministers including Members of Parliament were seen arriving at Seri Pacific Hotel in Kuala Lumpur to attend a closed door briefing on the claims by the self procl...
Not For Nur Jazlan To Judge Pas Ministers Says Tuan Ibrahim

Not For Nur Jazlan To Judge Pas Ministers Says Tuan Ibrahim

papar berkaitan - pada 4/7/2022 - jumlah : 118 hits
Tuan Ibrahim Tuan Man said PAS would not be easily offended by Nur Jazlan Mohamad s insults PETALING JAYA Johor Umno deputy chief Nur Jazlan Mohamed is an outsider who has no business evaluating the performance of PAS ministers and deputy m...
Hire More Local Teachers For Sabah Schools Says Shafie

Hire More Local Teachers For Sabah Schools Says Shafie

papar berkaitan - pada 9/7/2022 - jumlah : 82 hits
Warisan president Shafie Apdal said the federal government had agreed to a 90 10 ratio in favour of Sabahan teachers PETALING JAYA Warisan president Shafie Apdal has urged Putrajaya to hire more local teachers to work in Sabah schools which...
Developer For Rm7bil Kulim Airport Drops Out

Developer For Rm7bil Kulim Airport Drops Out

papar berkaitan - pada 9/7/2022 - jumlah : 90 hits
An artist s impression of the proposed Kulim airport terminal The project is part of the proposed Kedah Aerotropolis industrial hub GEORGE TOWN A developer entrusted to build the proposed RM7 billion Kulim international airport has dropped ...
Analysts Expects To See Rising Demand For Cpo

Analysts Expects To See Rising Demand For Cpo

papar berkaitan - pada 8/7/2022 - jumlah : 81 hits
KUCHING With crude palm oil now trading at a significant discount to soybean oil at US 419 per tonne analysts expects to see demand improving from in the near term RHB Investment Bank Bhd recapped that CPO prices have
Ibu Tunggal Paksa Anak Gadis Bawah Umur S Ks Dengan Ramai Lelaki Untuk Bayar Hutang Lelaki Umur 60 Tahun Pun Ada

Zikir Ya Fattah Ya Razzak Jadikan Urusan Dengan Manusia Lebih Mudah

Ayah Orang Alim Ibu Tak Sangka Tular Pelajar Barang K Pop Dibakar Bapa Beri Penjelasan

Kenali Senarai Pahlawan Malaysia

Nasi Dagang Kak Yah Bukit Besar Kuala Terengganu

Ultimate Dr Engagement Ring Buying Guide

Saya Tak Cemerlang Akademik Netizen Titip Kata Semangat Pada Atlet Ragbi Kedah Lepas Menang Emas Sukma

Dari Peminat No 1 Awak 5 Tahun Bercinta Hyeri Sokong Kekasih Ryu Junyeol Di Set Drama



Senarai Lagu Tugasan Konsert Gegar Vaganza 2022 GV9 Minggu 3

Keputusan Markah Peserta Konsert Gegar Vaganza 2022 GV9 Minggu 2

6 Teknik Pemasaran Salah Tapi Kita Benarkan Tanpa Sedar

Biodata Penyanyi Tomok New Boyz Peserta Gegar Vaganza 2022 Musim 9 GV9

Fahami Status Bankrap Risiko Kesan Dan Salah Faham


The Prosecution S Deliberate Screw Up

Luar Kawasan

Unser Buruk Lawan Bas

Rasuah Musuh Negara No1

Soalan Maut Kepada Tun

Mengapa Bahasa English Di Lebihi Peringkat Utama Dari Bahasa Lain