KUALA LUMPUR - Voters holding onto Pakatan Harapan’s lofty promises will have to re-evaluate their expectations.
Economists and political analysts who had been studying the opposition’s strategy in getting the electorate on their side, said it was clear that the loose coalition had never asked itself the fundamental questions, including how it planned to get the funds to make good on its promises.
Economist Professor Dr Yeah Kim Leng of Sunway University Business School said for Pakatan to even meet its promise of free education, it had to grow the country’s gross domestic product (GDP) by at least 40 per cent.
GDP growth in 2016 was 4.2 per cent. It expanded by 5.9 per cent last year with a value of about RM1.1736 trillion.
“If it plans to provide free education at the school and university levels without boosting GDP by 40 or 50 per cent, the burden will be on the people.
“The ruling government will also be forced to impose higher taxes to increase revenue.
“It has to look at the budget. The cost of running free schools and universities will be very high… Where will the funds come from?”
Political analyst and veteran economist Professor Dr Hoo Ke Ping, who described