PM’s discretionary ‘near slush funds’ amount to RM20bn in four years

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Something is very wrong with the way Prime Minister cum Finance Minister Najib Razak is handling our public coffers, says Liew Chin Tong.

Najibs-budget-2011

The concentration of discretionary financial resources in the hands of the Prime Minister has reached an unprecedented stage: RM20bn has been budgeted for what I call “near slush funds” between 2011 and 2014.

On 30 October, I raised the alarm that five items in the Prime Minister’s Department’s development budget for 2014 are “near slush funds”, namely “restructuring of society (penyusunan semula masyarakat)“, “development programmes (program pembangunan)“, “special projects (projek khas)“, “people-friendly projects (projek mesra rakyat)“, “facilitation fund” (dana fasilitasi)“.

The sum of RM6.9bn is 65 percent of the PM’s Deparmtment’s RM11bn development allocation for 2014.

Digging further, I found such usage of “near slush funds” by the PM’s Department is a new phenomenon since 2011. In 2010, “restructuring of society (penyusunan semula masyarakat – 00104)” received only RM158,090,000.

But I must qualify that the “development of five corridors (pembangunan lima koridor – 00113)” and “NKEA (National Key Economic Areas – 94000)” were the labels that used to receive billions of ringgit of discretionary funds. For instance, NKEA received RM5.5bn funds in 2011 (when it first appeared) but only RM12m in 2014.

00113 Pembangunan Lima Koridor
 RM
2010
3,486,598,000
2011
505,596,100
2012
670,400,800
2013
1,327,033,700
2014
1,572,149,200

 

94000 NKEA
RM
2011
5,465,500,000
2012
216,772,000
2013
41,549,000
2014
12,676,000

 

The government has been addicted to the Prime Ministerial discretionary “near slush funds” since 2011. The figure amounted to RM2.8bn in 2011; RM4.3bn in 2012; RM5.9bn in 2013 and RM6.9bn in 2014.

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Kod
Near Slush Funds
2011
2012
2013
2014
RM
RM
RM
RM
00101/93500
Projek Khas
23,870,300
47,000,000
1,892,075,800
202,862,000
00104
Penyusunan Semula Masyarakat
660,000,000
800,000,000
1,140,000,000
900,000,000
00108
Program Pembangunan
126,000,000
335,500,000
353,090,000
1,087,245,300
93000
Projek-projek Kecil
1,009,761,600
600,000,000
93600
Projek Mesra Rakyat
665,000,000
97000
Dana Fasilitasi
1,000,000,000
2,500,000,000
2,500,000,000
4,000,000,000
2,819,631,900
4,282,500,000
5,885,165,800
6,855,107,300

 

This is a sum of almost RM20bn (RM19,842,405,000) in four years.

Discretionary funding items with scant details or “near slush funds” now make up 15 per cent of the entire development budget for 2014 of RM46bn whereas it was only 0.3 per cent in the 2010 development budget of RM53bn. The overall development budget has dwindled over the years but the PM’s “near slush funds” has grown exponentially.

Near Slush Funds
Total Annual Development Budgets
RM
RM
%
2010
158,090,000
53,219,657,000
0.30
2011
2,819,631,900
51,181,894,000
5.51
2012
4,282,500,000
51,248,900,000
8.36
2013
5,885,165,800
49,749,999,000
11.83
2014
6,855,107,300
46,499,999,000
14.74

 

Something is very wrong with the way Prime Minister cum Finance Minister Najib Razak is handling our public coffers.

Liew Chin Tong is the Member of Parliament for Kluang.

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