Don: How will PN ensure politician-helmed GLCs deliver budget initiatives?

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BUDGET 2021 | Questions have been raised over whether Perikatan Nasional (PN) can ensure that its numerous politician-led government-linked companies (GLC) and agencies will be able to carry out Budget 2021 initiatives accordingly.Based on the budget speech, Universiti Malaya political economy professor Terence Gomez noted that such firms will play a major role in the government’s economic plans next year.Finance Minister Tengku Zafrul Abdul Aziz said on Friday that GLCs have been roped in to offer 15,000 contract jobs under MyStep. GLCs Petronas and Telekom Malaysia have also been tasked with carrying out Jana Niaga, a financing scheme for small and medium-sized enterprises.Majlis Amanah Rakyat (Mara) will be given RM50 million to disburse to bumiputera contractors engaged in government projects under Skim Pembiayaan Kontrak Ekspres (Spike). A portion of the RM95 million allo…