Budget - dilemma

We want the country to be high income earner. Hmmm...is that a true statement? Not entirely true...The country will be a high income earner country if the people earns more and able to spend more. That why introducing new taxes just to cover budget deficits is wrong. You will deprive the people while the government get more income. We are a developing country, not yet developed!. Like a newly started ventures for example company, FDI, and others there should be tax incentives to allow thing to grow. When every thing mature by all means please tax more.

The idea is

1) I just writing it short coz i dont want to puzzle people about budget. The analyst and the economist talks about budget in a ways of confusing or maybe they are themself confused!. When they are confused, other people who knows less about the economy will be even more confused.

2) The people is the one to be the high income earners. The country and the budget on the other hand should be a balanced country and a balanced budget.

There should not be significant increase or new taxes introduced!. In time, when the people earns more, more shall tax is collected automaticly!

3) All this PFI , PPP and new project scheme have the advantage to a certain degree. But the govenment has to question it necessity and priority. Too many will incur more expenditure and long term commitment in term of payment of leasing. It has to be prudently managed.

4) What we may want to do is to review all the existing operating budget of all government agencies. This includes the government invesment agencies. TRIM ALL THE FATS. Those fats has be be get rid off before the government introduce new taxes or approch growth or development by taking more loans and long term leasing commitment.

5) There is no use to tax more if the tax money is not put into good use and wasted by inefficiencies.

6) The budget should focus on increasing the people capability to earn, a balanced budget, a sustainability budget. When this budget season is over. Mega efforts should be put into trimming down the government operational cost and unwise invesment. Focus on what is important to be financed and to be invested in, and the things to be abandon (wastage) - malpractice and loss making invesment. Making full use of the existing amout of tax income given by the people not by taxing more and depriving the people.

Think about it

Opsss... one more thing...one of the way to reduce cost of development and the true intrinsic value and practice in long run to REDUCE RED TAPES AND FIGHT BRIBERY!