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KUALA LUMPUR: Pakatan Rakyat today revealed its shadow budget 2013, with the goal of increasing Malaysians’ income and easing their financial burden at the same time.

Opposition Leader Anwar Ibrahim announced the budget which carried the slogan “Ekonomi Rakyat Negara Berkat” (People’s Economy, Blessed Country) in Parliament today.

According to him, the coalition budget focused on three areas:

  • increasing disposable income and alleviating economic hardship;
  • building an entrepreneurial class, and promoting constructive competition; and
  • creating a “just society with dignity and pride”.

This year, Pakatan expects government revenue to be at RM197 billion, smaller than that of last year (RM220 billion).

The Pakatan budget comes with an expenditure tag of RM234 billion, comprising RM185 billion (operational expenses) and RM49 billion (development expenses).

The opposition also aimed to cut deficit further to 3.5% of the Gross Domestic Product (GDP), forecasting a 3.0% inflation rate and 5.2% economic growth.

It also forecast that Malaysia’s economy would grow to RM1.064 trillion by the end of 2013.

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