View issues with Tan Seng Giaw

Thursday, March 01, 2012

Let the Government disclose the details of the source of funding for BR1M scheme.

DAP National Deputy Chairman and MP for Kepong Dr Tan Seng Giaw urges the Central Government to reveal the details of the source of funding for the Bantuan Rakyat 1 Malaysia (BR1M) scheme, so as to dispel the misgivings such as the news report of borrowing from International Monetary Fund to finance the scheme.

On 1.3.2012, Dr Tan comments on the PM YAB Najib's statement that the source of funding for BR1M is the Inland Revenue, and not the International Monetary Fund (IMF).
Today, the PM says that the Government does not need external borrowing to finance BR1M, as tax collection is sufficient to meet the payouts.

According to the Finance Ministry, as of February 12, it has paid out RM602,579,500 for the scheme. 4,597,434 people had made applications and 3,580.916 had been approved.
It is reasonable to help the genuinely poor. BR1M must be truly fair. It is important to know the source of funding. We need transparency and accountability.
The Central Government stresses that the 2012 budget allocates for BR1M. It has not borrowed from IMF, World Bank or our own Employees' Provident Fund.

We hope that the PM announce the details the BR1M funding. Lets have the truth.

Tan Seng Giaw


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