By Clara Chooi (TMI)
June 21, 2012
KUALA LUMPUR, Jun twenty-one Putrajaya's efficiency section had exaggerated a RM179 billion figure in total investments available final year under a Economic Transformation Programme (ETP), a think-tank alleged today, observant a number of "actual investments" perceived in 2011 usually totalled RM12.9 billion.
The opposition-linked Research for Social Advancement (REFSA) think-tank, that has published a series of critiques upon a ETP that aims to stand in per capita income by 2020, disclosed in a concentration paper today that a government's Performance Management as well as Delivery Unit (PEMANDU) had downplayed a fact that RM179 billion was merely a total "committed investments" for final year as well as not a "actual investments".
It pronounced that a Maybank inform in April this year had pointed out that usually RM12.9 billion of investments had actually been realised in Malaysia final year, a far cry from a RM179 billion boasted by PEMANDU.
"The gap between actual as well as committed investments is huge," REFSA wrote in Part 3 of its concentration paper, that dissects a ETP's recently released 2011 Annual Report.
Further to this, REFSA additionally pointed out that in a ETP report, PEMANDU had appeared to explain credit by boasting that a total in isolation investments of RM94 billion in 2011 was 113 per cent on top of its target.
"PEMANDU is stealing credit again," a research body complained, pointing again to a RM12.9 billion "actual investment" figure for final year, that it says encompasses both in isolation as well as government-linked investments.
"So PEMANDU deserves very little credit for a RM94 billion in isolation investments actually achieved opposite a whole country," it said.
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