Don't Just Spend, Reallocate Better

Dato Dr Mahani Zainal Abidin and Teh Chi Chang tell what they think should be in Budget 2012 and highlights misallocation of resources by the government, and also battles it out on whether government linked companies and funds, which essentially can have access to lower cost of funding, cheap land and implicit financial backing, are crowding out opportunities for private businesses in mature businesses like education, healthcare and real estate. Mahani is CEO of ISIS (Institute of Strategic and International Studies) and council member of the now disbanded National Economic Advisory Council (NEAC). Chi Chang is a former equities analyst with Maybank and Citibank, and is now Executive Director of REFSA (Research for Social Advancement).