MINISTRY OF FINANCE 2012 BUDGET CONSULTATIVE COUNCIL MEETING

Before an annual budget is passed in Parliament, the Ministry of Finance (MOF) went through various cycles to meet and debate with the grass root, private sectors, government agencies and  Non-Governmental Organisation (NGO) to construct the budget. There is no exception for next year budget too and part of the process flow was the Budget Consultative Council meeting that was chaired by the Prime Minister YAB Dato Seri Haji Mohd  Najib Tun Haji Abdul Razak himself. Click HERE for the full MOF budget formulation process.

The theme for next year's budget is "Transformasi Bersama Rakyat" or "Together Driving Transformation". Prior to the council meeting, 124 companies from the Private sectors & NGOs, and 75 government agencies were asked to submit our memorandum on our perspectives, views and 'wish-list'. The companies from the private sector were as follows:

MINISTRY OF FINANCE 2010 BUDGET CONSULTANCY COUNCIL

MAJLIS KONSULTANSI BAJET 2010 (Kementerian Kewangan Malaysia)

BUDGET 2010 CONSULTANCY COUNCIL (Ministry of Finance Malaysia)

I received an invitation letter from the Ministry of Finance Malaysia dated 4 May 2009 to participate in year 2010 Budget Consultancy Council today on 8 May 2009. Ministry of Finance had commenced the preparation for next year 2010 budget and the establishment of the Budget Consultancy is part of the process.

The theme for 2010 budget is "Together Building Resilience, Revitalising Growth", "Bersama Memperkukuhkan Daya Tahan, Merangsang Pertumbuhan".

This invitation is a milestone to all automotive OEM vendors, authorised sales dealers & workshop network as well as the automotive industry. Automotive and service centre dealers as well as workshop operators (including Proton, Perodua, Kia and other authorised workshops) comprised of individual entrepreneurs whom are directly affected by any change of governmental policies. Historically, there were no references to these entrepreneurs when a policy is being developed and implemented.

I took the responsibility and iniative to gather feedback from all parties namely, Proton Edar Dealers Association that represents the authorised sales, service and spare part dealer in Malaysia, EON dealers Association (EDAM) whom represents all EON authorised sales and service dealers in malaysia, Perodua Dealers Association that represents Perodua authorised sales and service dealers in Malaysia, Proton Vendor Association and other relevant associations and businessmen in Malaysia. I am also scheduled to meet the Banks.

Without a stronger sale and after sales network in Malaysia, automotive industry will be impaired especially during the current economic crisis. Thumbs up to YAB Dato Seri Najib Tun Razak, Prime Minister and YB Dato Ahmad Husni bin Mohamad Hanadzlah, Minister of Finance and the Ministry of Finance for a pro-active approach under the spirit of 1MALAYSIA.

I am expected to submit my memorandum to Ministry of Finance latest by 22 May 2009. Please leave any feedback, or email to me at arminbaniaz@gmail.com if you would like to raise any issues (Not limited to Automotive).

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