Budget 2009: We have lost our competitive edge, says Anwar

Datuk Seri Anwar Ibrahim says there is nothing new in the budget

KUALA LUMPUR: Opposition leader Datuk Seri Anwar Ibrahim was disappointed with Budget 2009, saying there was "nothing new" in it.

"The problem is, we've lost our competitive edge. There are no FDIs (foreign direct investments), management is slow and corruption is rampant. These issues were not dealt with (by the government)."

He also took exception to the fact that this year's budget is a deficit one.

"For an oil-producing country, it is an exceptional case for Malaysia to continue to register a deficit. It is understandable for a country that has no resources, but not this country."

He said the incentives given to Sabah and Sarawak as well as the poor would not help them in the long run.
He said the budget did not address the issue of competitiveness. "We failed to be more competitive because we are stuck with old policies."