The Budget: How the Government is Spending Our Money

by Teh Chi-Chang

Every year, come Budget time, there is plenty of speculation about what “goodies” the Government will “give” the Rakyat. And every year, after the Budget is announced, there are the usual proclamations of “it’s a people’s budget”, “it’s people-friendly”, “it’s a growth-budget.”

106 pages, Paperback

First published November 1, 2009

About the author

Teh Chi-Chang has plenty of paper qualifications, thanks to the once-proud Malaysian education system and good parenting. He holds degrees from the Universities of Warwick and Cambridge, the CFA (Chartered Financial Analyst) charter and is a CELTA-qualified teacher. He spent 16 years at the fore-front of capitalism, in investment research and corporate finance during which he managed highly-rated teams in addition to being a top-ranked analyst himself. He joined REFSA because he believes Malaysia will succeed if more of us stop whining about all that is wrong and instead use the time to work productively on making things better.

Reviews

[Roslee Saad · Rating 5 out of 5]

Sarat dengan maklumat ekonomi. Rujukannya dari sumber yang amat berautoriti. Jangan risau sekiranya tidak mempunyai latar belakang ekonomi kerana penyampaiannya mudah dengan banyak graf dan rajah. Satu pengajaran penting. Jangan percaya pada ole-ole ketika bajet tahunan diumumkan. Setiap ole=ole pasti ada pengurangan perbelanjaan di tempat lain.

Agak menyedihkan kerana bajet selama ini berada dalam keadaan defisit. Petronas diperah cukup-cukup. Belanja mengurus semakin meningkat manakala bajet pembangunan semakin menurun. Pengumuman Kerajaan baru-baru ini hutang negara sekitar 53% KDNK adalah menakutkan. Hutang-hutang ini bakal diwarisi oleh anak-anak kita. Generasi berkuasa kini merompak masa depan mereka.

[Faris · Rating 4 out of 5]

Simple and excellently elaborated. Suitable for non-econs guys. solidly backed by relevant statistics with reliable source. A good kickstart to understand Malaysia's complex economy

[Nicholas · Rating 5 out of 5]

The book makes a lot of sense even for the man on the street because it simply simple, precise and easy to understand.

[Fairus · Rating 5 out of 5]

brilliant! truth came out and it bites!