MP SPEAKS | Missed opportunity for a unity budget

MP SPEAKS | The DAP regrets the missed opportunity for a unity budget presented by the Federal Government yesterday that does not fulfil the six key recommendations by Pakatan Harapan with unrealistic projections, financial half measures and political handouts where the 8.6 percent increase in Budget 2021 is not shared by all segments of Malaysian society.

The DAP is particularly disappointed that there is no automatic extension of the bank loan moratorium up to M40 group. This would mean that hire purchase and housing loan borrowers will have to pay their interest and compounded interest respectively from October this year.

We live in unprecedented times of the triple crisis of a global Covid-19 health pandemic, an economic crisis with record unemployment and recession, and a political crisis where the Perikatan Nasional government has lost its parliamentary majority.

However, the Budget 2021 is very much “business as usual” without addressing the triple crisis especially fighting Covid-19 health crisis and the once-in-a-century economic crisis...