tag:blogger.com,1999:blog-600802170849928872.post5033645250367068632..comments2023-10-29T15:18:25.355+08:00Comments on de minimis: Guan Eng wants RM4.7 billion CASH!de minimishttp://www.blogger.com/profile/06478671079348612565noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-600802170849928872.post-58218183113075265882008-07-08T23:21:00.000+08:002008-07-08T23:21:00.000+08:00Unfortunately the Federal Constitution is heavily ...Unfortunately the Federal Constitution is heavily slanted towards the federal govt in matters of revenue collection. As I have said in the blog, the worst part of the Federal Constitution is that it prevents states from borrowing from any other party than the Federal Govt.<BR/><BR/>Sabah & Sarawak are in a special position since they secured in the constitutional provisions the right to borrow from parties other than the Federal Govt.<BR/><BR/>I am researching into the options that the state can use to overcome this impediment. One way could be setting up special-purpose corporate vehicles for specific projects that can be listed in stock exchanges. It's a work-in-progress.de minimishttps://www.blogger.com/profile/06478671079348612565noreply@blogger.comtag:blogger.com,1999:blog-600802170849928872.post-16520971293855504302008-07-08T17:25:00.000+08:002008-07-08T17:25:00.000+08:00I think it's pure naivety on BN to think that they...I think it's pure naivety on BN to think that they can shift the allocation in 9MP to a non-PR state and expect it to produce the same bottomline. We can see the effect of Pak Lah's administration by cutting down on the govt pump-priming. When the economy engine turns cold, it's a humongous task to restart it.<BR/><BR/>What I would like to know is what options do PR have ? I am sure when the Federal Constitution was drafted, British known for their farsightedness, would have put a provision for such scenario.<BR/><BR/>Right ?Anonymousnoreply@blogger.com