How do we tell our leaders that money from public funds are not meant to be spent extravagantly.For P.M to lavish $600 million on UMNO division leaders to spend on small rural projects through class F contractors is not only extravagant but smack of corruption.What is the rationale of allocating $3 million of public funds to political leaders to ensure rural projects are carried out?Ifsuch projects have to be carried out why cant they be carried out by govt agencies such as JKR.And if tender need to be carried out why cant it be done in a transparent manner to avoid suspicion of corruption.
Our leaders seem to have lost their moral compass when it comes to spending our public funds.They seem to harbour the view that our nation's coffers is like a bottomless pit where foolish spending will not replete our nation's resources.While countries like Singapore is investing its hard earned currency in good yields investment (through its investment arm, Temasek) we are even plundering our oil wealth ( through oil company Petronas) by unscrupulous bailouts of private enterprise.
Whenever we start to accumulate some wealth,our leaders immediately deem fit to spend it on some dubious projects.Have our leaders spare a thought what will happen when the oil dries up and foreign investments runs out?Our oil reserves will run out in19 years time and foreign investment is already down to a trickle.Have our leaders prepare our country for the future when we cannot depend anymore on oil and foreign FDI's?If not they are in for a surprise when the good times are over.
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