Hadi outlines ways to set right the economy

(Harakah Daily) — Warning that Malaysia would go bankrupt if it still remained under Barisan Nasional after the next general election, PAS president Tuan Guru Abdul Hadi Awang today offered a series of remedies to rectify the situation.

“Implementing economic transformation via a BN government style on par with that of wealthy countries in the West is not what the people desire. The value of our ringgit continues to shrink, such that the abundance of it is now meaningless,” he told delegates attending the 58th PAS Muktamar at the Kelantan Islamic Training Centre (Putik) complex, Pengkalan Chepa.

Hadi said should PAS be given the mandate to rule as part of Pakatan Rakyat, the party would strive for a shift to an economic philosophy that was fairer.

“In this regard, the fiscal as well as the fair monetary policy must be utilised fully to pace growth,” he said, adding that future implementation of economic policy must be complemented by the concept of reward and punishment according to the Shariah, holistic accountability and preventive laws to prevent extravagance, leakage, fraud and corruption.

Hadi said PAS would also make a comprehensive assessment of the country’s revenue to ensure national wealth benefit all Malaysians in a more transparent manner.

He said a benevolent economic policy through “true Islamic justice” can be implemented to the advantage of all races, religions, political beliefs and states.