In 2023 our GDP was about US$400 Billion (World Bank)
Here is some basic calculation (rule of thumb ok but you will get the idea).
1. For 2025 the deficit of RM81 billion is about 24% of gomen revenue of RM340B. If the gomen revenue increased by 24% then there will be NO DEFICIT of RM81 billion.
Again by rule of thumb (because it does not work in this way) if the size of the GDP increases by 24% from RM1.9 TRILLION to say RM2.4 TRILLION, then the gomen revenue should increase by 24% and cover that deficit of RM81 billion.
2. Here is another rough calculation. This one focusses on corporate taxes from corporate activity. Meaning regular businesses, with books, proper records, bank accounts etc.
Lets say our GDP can suddenly jump and increase by about 1.4 times and become RM2,700B or RM2.7 TRILLION.
This means another RM2.7 TRILLION worth of sales and economic activity are added in our economy by Malaysian corporations. This means the number of cars and trucks on the roads, bulldozers and excavators at construction sites, apartments, condos, highways, LRTs, factories, hotels, resorts, shopping complexes, supermarkets etc all increase by 1.4 times. The number of jobs in the country increases by 1.40 times. The entire business activity of our country increase by 1.4 times.
Then we roughly calculate the amount of corporate taxes alone that can be collected from an extra RM2.7 TRILLION worth of GDP.
Lets say our businesses are very efficient and they can generate on average 10% profit before tax. So from RM2.7 TRILLION extra GDP, the taxable income is RM270 Billion.
Say the tax rate (average, rule of thumb, corporate tax plus sales tax plus donno what other tax) = 30%.
So from the extra RM270 billion taxable income, the tax fellows can collect 30% taxes = RM81 Billion extra tax income. Which will cover that deficit of RM81 billion in the 2025 Budget.
So just to cover the deficit of RM81 Billion in the 2025 Budget alone our GDP must increase to more than RM2.4 Trillion (from the present RM1.9 TRILLION).
What about the rest of the accumulated gomen debt of RM1,200 Billion or RM1.2 TRILLION?
Again by rough rule of thumb, our GDP must multiply to about 14 times more than its present size to generate enough tax revenue to pay off all the hutang kerajaan of RM1.2 TRILLION.
So Tuan-Tuan the gomen's finances are quite screwed. And this will have an effect on the whole country.
But where did all the money go to? Sekolah rosak, hospital tak cukup doctor, equipment rosak, hospital tak cukup ubat. And then RM100 million for Palestine, reconstruction of Gaza etc.
But here is the real super whammy. When (not if) the Sarawak fellows get their cut of the oil and gas revenue then our syarikat minyak is going to lose a substantial portion of their annual revenues. Some suggest about 30% but we dont know for sure. And the oil earnings contribute a huge chunk to the gomen's revenues. Meaning the gomen's deficit is going to increase. The gomen is going to have to borrow even more money.
Already the syarikat minyak has said that this year there will be no salary increments for their staff, no bonuses and they may have to let go about 12,000?? of their people.
Now, if our economy is managed properly and our GDP had expanded by another 24% then the gomen would have collected about another RM81 Billion in tax revenue to cancel the deficit for 2025.
But the gomen is not trying their best to grow the economy. The Dasar Ekonomi Bebal is still in place with its choking quotas, monopolies, oligopolies, franchises, 30 year concessions, licenses, permits, restrictions, cartels etc. They can only generate RM340 billion in revenue for 2025.
Now they are going to lose about a third of the oil revenues to Sarawak.
So in a situation where the Dasar Ekonomi Bebal only knows how to shrink the size of the cake, the gomen is increasing the taxes imposed on the economy. The Sales Tax has been increased 33% (from 6% to 8% is a 33% increase). Other taxes are going up. Quit rents and assessments are going up.
The gomen is choking the economy more and more which prevents the economy from growing as fast as it is capable of. As the Missy once said, 'You cannot make the people rich by taxing them'.
Anywhere in the world wealth and productivity is relative to your neighbours. Our currency is falling like a stone compared to our neighbours and trading partners. (Please do not compare with Zimbabwe or Myanmar). Our per capita GDP is decreasing relative to those with whom we were at par or close.
That loss in oil and gas revenue to Sarawak is going to be a huge nail in the coffin.
Tuan-Tuan orang Melayu, please wake up. Your well being is so dependent on gomen expenditure. On tax revenues. You need to really increase the number of geese which can lay golden eggs.
Please forward this view of mine around your friends and community. And talk about it. Discuss things objectively and honestly.https://permadumalaysia.blogspot.com/2025/02/sedap-berkhidmat-di-jabatan-imigresen.html?m=1
Dapat duit rasuah RM42,000 sehari!
Sindiket ‘fly’ terus beroperasi?
Agen Pakistan?
Rasuah dan KL-A berpisah tiada.
Tidak menakutkan kakitangan kalau setakat kena transfer jika ditangkap rasuah.
I am not uploading the video. Here is a link : https://youtu.be/VhRqAhMun_s?si=-rQuV8cHAqoYCe5y
If you want to you can copy paste the link and watch the video yourself. Apparently those people are showing their displeasure again.
None of the Arab countries want them. Even their own bangsa do not want them.
My Comments :
Some time in 2008 I attended a DAP victory dinner after an election victory in Klang. This was during the Badawi regime. I went with Raja Petra and we were hosted by Ronnie Liu. In 2008 DAP had won Penang, Selangor and Perak - a major feat.
At that time PAS was with DAP. So the Pas fellows were present. There were scantily clad girls singing and dancing on stage which the Pas fellows did not seem to mind at all.
Then there were speeches and singing DAP fight songs. Then there was this issuing of certificates to new DAP branches. Setting up a new DAP branch was quite 'exclusive'. The party has a strict vetting system before a new branch can be set up. (Unlike UMNO where we organised ourselves and simply set up a new branch and informed the State HQ and we became another cawangan Umno).
But I noticed that the new DAP branches being set up were populated by trades people - contractors, small businesses etc. (some of them appeared onstage). Of course this is quite normal because the Chinese community is almost 100% self employed. They are the businessmen and the trades people.
Ten years later in 2018 the DAP took over the federal government. They lost it in 2020 but came back in 2022. And 17 years later they still have Penang and Selangor. Since 2022, in Perak and Pahang there can be no state government without cooperation between UMNO and the DAP. So the DAP is now a mega player in how the country is being run.
In the 17 years that the DAP has been in power in Selangor (plus now holding five of 11? Parliamentary seats in Kuala Lumpur) KL is now said to have the FOURTH HIGHEST NUMBER of the world's tallest buildings.
Malaysia currently holds the fourth position globally in terms of the number of skyscrapers, with a significant number of tall buildings within its borders, particularly concentrated in Kuala Lumpur. Source: Information based on data from the Council on Tall Buildings and Urban Habitat (CTBUH)
My comments : The perjuangan can get lost among all these skyscrapers.
Non-Muslims can skip this. But it is really very brief. Two minutes reading max.
Today I tried something new. I have begun using Chat GPT for some of my research and writing. Chat GPT is the AI Search engine. But you have to double check it very carefully.
Today for this Friday column I typed in "Sunnatullah verses in the Quran" and within seconds the following popped up.
I had to do plenty editing because Chat GPT threw up verses which did not mention the word Sunnatullah. And then Chat GPT tried to explain that those verses were also part of the concept of Sunnatullah.
To me that is stretching things too far. If the word that I am searching for (eg sunnatullah) is NOT found in that verse then dont say it is. It will only lead to unnecessary argument.
The Chat GPT AI is just a Search tool. It does not think for itself. It merely sources what others have said about a topic and strings it together. It is not free of 'garbage in and garbage out'. Especially about religious topics. So I have to read and edit the material.
In the Quran, the term "Sunnatullah" (سنة الله) or 'sunnah of Allah' often implies the natural laws that govern the universe. The "Sunnah of Allah" refers to the principles by which Allah manages His creation.
Here are two verses in the Quran where the concept of 'Sunnatullah' (the way or law of Allah) is mentioned:
1. Surah Al-Ahzab (33:62) - "This is the way of Allah (سنة الله), which has occurred in the past. And you will never find in the way of Allah (سنة الله) any change." - Translation (Sahih International).
This verse speaks of the unchanging nature of the principles that govern the world which remain constant. It cannot change.
2. Surah Al-Fath (48:23) - "Such has been the practice of Allah already with those who have passed away. And you will never find in the practice of Allah any change" - Translation (Sahih International).
This verse reinforces the idea that Allah’s methods or laws are consistent across time and cannot be changed. After the sun sets, we go to sleep at night with great confidence that the sun will rise again tomorrow morning.
What all this means is that after coming into being and everything in the universe has been set in order, the Creation cannot change haphazardly. If there is change, and most certainly there is change (like the seasons change from spring, summer, fall and winter) it will happen according to the Laws of the Universe.
But things like these cannot happen :
Elephants walk on the ground and there is no Superman. Flying elephants and Superman are domains of the imagination.
China has done it again. Now China introduces some new science, some new technology and its manifestation - some new industrial product almost every other week. Otherwise known as Made in China. This week the aviation industry is buzzing with China's 'introduction' of a really unimaginable 6th generation fighter-bomber aircraft. The plane flew in the open and someone captured it on video. The aviation geeks are going wild.
The plane is huge. It has no name yet. It is about 60 feet wide. That is three terrace houses wide. The length is slightly over 60 feet as well. And the plane has THREE engines in a row - unheard of before. And listen to this - there are TWO air intakes on the sides and a THIRD air intake on top of the plane.
Here is a quickie on what is a 6th generation fighter jet, and then a short video that shows the actual plane flying in the air.
Key components of 6th generation technology are:
Here is a short video.
Conclusion : No other country in the world can even come close to what the Chinese have flown in the sky. The plane is already flying and has been captured on video. They will fine tune the hardware and the manufacturing processes. They will also load up the electronics arrays, the weapons systems, the AI etc.
Here is my prediction - in say five years this plane will become outdated. The Chinese follow this philosophy - the latest model in operation now, the next upgrade already at advanced design or prototype stage and the third generation on the drawing boards. The Chinese philosophy is to continuously improve.
Recall what I posted earlier about Chinese EVs taking over the world automotive market. Since my post Honda, Nissan and Mitsubishi have announced that they are merging. Mitsondasan? Honisubishi?
Its too late.