Budget 2012 - PM's budget speech

Full text of Prime Minister Datuk Seri Najib Tun Razak's Budget 2012 speech in Parliament Friday, Oct 7, 2011:

Mr Speaker Sir,

I beg to move the Bill intituled “An Act to apply a sum from the Consolidated Fund for the service of the year 2012 and to appropriate that sum for the service of that year” be read a second time.

I begin the 2012 Budget speech by reciting the holy kalimah Bismillahirrahmanirrahim.

1. Alhamdulillah, Praise be to the Almighty for His blessings on the people and our beloved country. As citizens with different faiths we have more reasons to be grateful to the Almighty.

2. Malaysia is a successful nation. In a short period, we have changed the face of the nation from being an agricultural and low income nation to a modern industrial upper middle income country. This success did not come easy. It was a result of hard work between the Government and the people who toiled together and held firmly to the principle of systematic planning and effective implementation. This is the blessing to a country with a responsible Government since independence. This is not a Government that makes empty promises but a responsible Government which always place the interest of the people above all and carries out policies for the benefit of the people and well-being of the nation.

3. This is not a norm but an extraordinary success. Looking back, there are many countries in the world which had more potential to succeed than Malaysia at the early days of their independence. However, they faltered midway even though they have vast natural resources and were not subjected to ethnic and socioeconomic differences as well as physical separation.

Full text of PM's Budget speech..