Postpone GST in view of current economic woes, says Ku Li
Gua Musang Member of Parliament Tengku Razaleigh Hamzah says based on good governance there must be no conflict between the position of Prime Minister and Finance Minister, otherwise it will prove to be a major problem. — TRP file pic
KUALA LUMPUR, March 17, 2015:
The nation’s debt has hit a level that is worrying and may cause an economic crisis.
Gua Musang Member of Parliament Tengku Razaleigh Hamzah said if this happened it would be a burden to the people and it was the duty of Members of Parliament to protect people from this sort of a crisis.
“All Members of Parliament have sworn an oath to put the people’s interest above everything else.”
He pointed out during his speech that it was the duty of Members of Parliament to know the level of debts and called on the government to be truthful and present Parliament with the actual situation regarding the nation’s debts.
“Its is our duty to ensure that if more debt is run up, the money is used for the peoples benefit and not the borrowers or stakeholders.”
The longest serving Member of Parliament said Parliament should be able to study and asses the level of loans before deciding if the people should be further burdened.
He also urged the government to postpone the implementation of the Goods and Services Taxes to October.
This, he said, was in view of the economic and financial woes facing the people, adding if the government went ahead with the implementation, it would be a further burden to the people.
He added household debts stood at 87.4%.
“What is more worrisome is that EPF and pension fund money have been used to help financial institutions that have given loans to certain statutory bodies.”
The Kelantan prince said based on good governance there must be no conflict between the position of Prime Minister and Finance Minister, otherwise it would prove to be a major problem.
He called on all members and Members of Parliament to declare their assets.
He reminded Members of Parliament that their duty was to the people, adding this was a historical moment as they must decide whether they wanted to serve the people or follow their party’s wishes.
Tengku Razaleigh urged them to follow their conscience by putting the public’s interest ahead of party interests.