Deficit budget shows improvement


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  • Tuesday, 13 Oct 2015

THE recently unveiled Petaling Jaya City Council (MBPJ) budget for 2016 deserves applause and I laud it for being a deficit budget.

Preparing a deficit budget of RM39mil for 2016 is wise considering that in the past three years, MBPJ had been under-spending and accumulating reserves of nearly RM300mil. The release of these unspent funds is wise and it is only moral to ensure that ratepayers get immediate benefits for the rates that they have to pay.

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Metro , Central Region , Jeffrey Phang , MBPJ , budget , 2016

   

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