We Prefer A Thrifty Budget In Difficult Times !!!

The Malaysian Insider:

Analyst: Stimulus package seen as neutral
By Debra Chong

KUALA LUMPUR, Nov 5 – The government's RM7 billion stimulus package is seen to have a neutral effect on the economy with the financial markets being weighed down by slowing growth, an analyst said today.

Deputy Prime Minister Datuk Seri Najib Razak announced yesterday that 2009 growth rates will slide to 3.5 percent from the initial forecast of 5.4 percent while the 2008 gross domestic product (GDP) growth will contract to 5.0 percent from 5.7 percent.

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Our Comment:

1. We strongly recommend that the Government be on a thrift budget for 2009 rather than on a 'spendthrift' one in the wake of the economic recession. Do not use the logic of following other countries when we know that they are not perfect and have faltered lately.

2. We make this call based on the Islamic principle of thriftiness. Also, we can take the example of Prophet Joseph a.s. where he put his country then on a thrift budget knowing that they would face hardship in the land at that time.

3. We think that the current 2009 budget is not wise enough. We let the economic experts dissect it. Then, they will see what we mean, inshaAllah.

Best Regards.........