00:00Corruption is a national crisis.
00:05Malaysia has lost a whopping 2.3 trillion ringgit
00:08to this menace alone between 1997 and 2022.
00:12That's enough to give every citizen 74,000 ringgit.
00:16A staggering sum when you consider
00:18half the population earns less than 2,844 ringgit a month.
00:24That's why the government is taking a new approach.
00:27Cracking down on corruption and financial mismanagement.
00:30The goal?
00:31To unlock billions in lost revenue without raising taxes
00:34or adding to Malaysia's 1.2 trillion ringgit debt.
00:38Here's what that looks like.
00:39Cleaning up the public procurement process alone
00:42could save 10 billion ringgit.
00:46Plugging leaks in the diesel subsidy system,
00:48that's another 20 billion ringgit.
00:50This money could be redirected to public welfare and infrastructure,
00:53improving life for everyday Malaysians.
01:21But it's not just corruption draining the economy.
01:24Poor investment decisions by government-linked companies
01:27and government-linked investment companies are also to blame.
01:31Kasana Nasional and Pemudalan Nasional Berhad, for example,
01:34lost 43.9 million ringgit in investing in fashion valet Sindram Berhad.
01:40That's why Budget 2025 is proposing bold reforms
01:43to the Malaysian economy.
01:45On top of this, agencies like MACC and the Public Accounts Committee
01:49are set to receive increased budgets
01:51to enhance their effectiveness.
01:53Still, reforms won't work without accountability.
01:56Officials must face consequences for mismanagement
01:59and practices like political appointments in GLC.
02:02And what if the budget is too tight?
02:05What if the budget is too tight?
02:07What if the budget is too tight?
02:09What if the budget is too tight?
02:13and practices like political appointments in GLCs need to end.
02:17Laws like the Public Procurement Bill must also apply broadly
02:20to ensure transparency at all levels.
02:23Pujo Jaya has paved a clear path forward.
02:25It is now time for them to act decisively.
02:28It is now time for them to act decisively.
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