the Untold Secrets

of the 8th and 9th Malaysia Plans , now revealed

我現在要告訴你一個秘密…一個關於國陣政府，每5年實施一次的馬來西亞經濟計劃個秘密。從二零零三年年的第3季開始，幾乎所有在第八馬來西亞經濟計劃的財務資源已被充分利用。所以餘下的2年期間（ 2003年的第三季至2005年的年），將不會有任何的財政資源以供我國利用。這對馬來西亞的經濟表現，尤其是剛剛由敦馬哈迪手接手中管理這個家國的第五屆馬來西亞首相阿都拉巴達威是沒有好處的。因此，有人曾建議一個創新的想法，那就是利用從第九馬來西亞經濟計劃的財務資源，以資助在第八馬來西亞經濟計劃所剩餘期間的經濟活動。上述想法，就好像是你用你的信用卡來支付你今天購買的東西。它是一個用你未來收入的概念。其實這是真的發生在馬來西亞。國陣政府正利用我國未來第九馬來西亞經濟計劃的稅收收入以資助第八馬來西亞經濟計劃的經濟活。在2003年的年的第4季 開始，大部分 的建設項目的資金都是根據一項特別資助計劃。在這一項特別資助計劃下，國陣政府將發出承諾信件給獲得政府合同的承包商來支持這些承包商向金融機構申請商業貸款。這些承建商須利用私人商業貸款動工建設項目以完成批項目。不管這些工程是在2005年之前或之後完成，國陣政府將只會在2006年利用在第九馬來西亞經濟計劃分配下的財務資源支付承包商。對於涉及上述特別資助計劃的承包商，都有兩個相似之處，第一個相似是在他們的帳戶中都有一個非常大的應收賬款及國陣政府支持的商業貸款。第二個相似的是這些商業貸款都是在第八馬來西亞計劃經濟後，即2005年12月後結算。我是從設在吉隆坡著名的國際審計事務所的合夥人之一知道這個秘密的。I want to tell you a secret now… a secret related to Malaysia EconomicPlan, which implemented every five years.During the 3rd quarter of 2003, almost all the allocation in the 8thMalaysia Economic Plan has been fully utilise. Thus, for the remaining2 years between 3rd quarter of 2003 and 2005, there will be nofinancial resources to be available for the country. This is no goodto the economic performance of Malaysia, especially for the 5th primeminister of Malaysia which just takes over the administration from TunMahathir.So, someone had suggested an innovative idea, which is to use thefinancial resources from the 9th Malaysia Economic Plan to finance theeconomy activities for the remaining periods in 8th Malaysia EconomicPlan.The above idea is just like you using your credit card to makepayments for something that you purchased today. It is a concept ofusing your future income. This is actually happening in Malaysia. TheBN government is using the country future tax revenues or collectionsof the 9th Malaysia Economic Plan to finance the economic activitiesunder 8th Malaysia Economic Plan.During the last quarter of year 2003, most construction projectsfinance by BN government was under a special funding scheme. First,the BN will issue undertaking letters to the contractor which obtainedthe government contracts to apply for commercial loans from financeinstitutions in Malaysia. These contractors were required to commenceconstruction project by using the private funding to complete theawarded projects. Irregardless, these projects are completed before orafter end of year 2005, the BN government will only paying thecontractors in year 2006 by using the allocation under 9th MalaysiaEconomic Plan.For those contractors who involves on the above special funding schemewill have two similarities in their book of accounts. The firstsimilarity was a large account receivable for government contract aswell as a commercial loans which supported by an undertaking lettersfrom government. The second similarity was the commercial loans raisedas a result of the government contracts were settled post 8th MalaysiaEconomic Plan period i.e. after December 2005.I knew this secret from a signing partner of one reputableinternational based audit firm located in Kuala Lumpur.