Talks have been rife on the expected gist of the upcoming budget which will be revealed tomorrow, while it is widely expected that civil servants would be the group that will enjoy the most (after all they make the largest group of voters)...in the form of increased income and monetary benefits, the real issue here is , this is a nominal increase, increase in NOMINAL wage and not REAL wage. It would be meaningless if the increase in nominal wage is 20% where else the increase in price is more than 20%, it would mean in other words a decrease in the REAL wage.
While NOMINAL reflects your salary/income/wage or whatsoever you want to call it........on paper, REAL will reflect your Purchasing Power....but sigh!.....most of the people are more interested on the NOMINAL value compared to the REAL value. Don't get me wrong, I am not against the increment, but what is the point if in fact you are poorer compared to before.With the General Election looming, of course popular decisions are prefered to right decisions, and somehow I also have the exact same feeling with some quarters, that this is going to be a 'morphine' budget....in the short run you are in Nirvana.....in the long run you will be in the bloodiest 'Hell'.
I strongly believe and vouch for a better policy planning and execution which could ensure a lower and stable price, which in turn will enable a prosperous and healthier life, compared to higher income which is meaningless.
Adios.........................a.h.baharom
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