While welcoming the importance given to developing human capital, IDEAS chief executive officer Wan Saiful Wan Jan said it is important to ensure the allocation is well spent.
“It is encouraging to see that RM30 million will be allocated to youth from low-income families to train them in technical education, a move that could bring up the average household income of these families,” he said in a media statement today.
“However, we are worried that expenditure on tertiary education will not be spent effectively,” he said adding that it was worrying that thousands of Malaysian graduates are unable to find jobs after graduating.
“We believe that instead of merely putting in more money, there is an urgent need to enhance the quality and autonomy of public universities so that they can produce better quality graduates,” he said.
Wan Saiful said if this is done properly, there will not be a need for measures like Skim Latihan 1Malaysia.
He also commended Prime Minister Datuk Seri Najib Razak who in the budget had emphasised on the need to balance the budget, reduce fiscal deficit and reduce subsidy.
However, he said, the budget unveiled today was not consistent.
“This Budget speech is not consistent because it started with trying to persuade the public on the need to reform our fiscal structures, but it went on to announce various spending "splurges", with multiple populist subsidies and handouts,” he said.
The first half talks about the need to be austere, but the second half is full with populist spending, he added.
Astro Awani
Fri Oct 10 2014
Wan Saiful said it was encouraging to see RM30 million allocated to youths from low-income families to train them in technical education
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