Question 1: Where’s the money coming from?

I have a whole list of Budget bashing points, I didn’t even know where to begin. So, I thought I’d keep this post simple.

What’s a Budget? Okay, for the layman like you and I, our own personal budget is merely an account for the expected income and expenditure we’ll have for a specified period. For example, given that my pay cheque ain’t coming in till the end of the month, how do I make what measly balance I have from my previous pay cheque last till then.

I’ve scrutinized the mini Budget speech at least three times already. Therein, we have a list of what the Ministry intends to spend money on, which will be the content of many other posts to come in my mini Budget bashing series, I’m sure. But, I only found one paragraph hinting at where the money the Government (the capital “G” was how they spelt it, I merely copied) plans to spend, would come from. Here…

17.  The Government is confident that the deficit can be financed from domestic sources, given the ample liquidity in the domestic financial system. In addition, the Federal Government debt ratio is still at a prudent level. The financing of the deficit will not crowd out the private sector in sourcing funds, particularly from the bond market, which has expanded rapidly and is currently the second largest in the East Asia region.

No, I don’t understand that paragraph either.