PAKATAN Harapan will put into place a plan of prosperity for all Malaysians within 100 days if it is voted into power, the coalition said.

PH said it would evaluate the responsibilities, commitments, expenditures, and liabilities in relation to the government’s revenue, assets, and income in the first 100 days of its administration.

The statement was signed by PH chairman Dr Mahathir Mohamad, president Dr Wan Azizah Wan Ismail, and deputy presidents Muhyiddin Yassin, Lim Guan Eng, and Mohamad Sabu.

With the primary objectives of enhancing “fiscal equity, transparency, and accountability”, the 100-day evaluation will focus on three key areas: federal government budget and finances, accrual accounting and asset-liability management, and outstanding government debt obligations, including government guaranteed debt, especially foreign obligations.

Major reforms will include enforcing government procurement by open tender; reviewing all major public projects, especially those financed outside the development budget; assessing the entire revenue base of the federal government, and reducing borrowing and restructuring liabilities.

Sabah and Sarawak would also see “special consideration” due to constitutional commitments made in the 1963 Malaysia Agreement, in a nationwide restructuring of federal-state-local government relations.

The federal government would also adopt accrual accounting to take stock of federal government assets and improve the asset-liability management framework to identify mismatches and risks.

PH said it would “evaluate and consider better market instruments” to manage liquidity and price sovereign risks more effectively, with the treasury function of the Federal Treasury enhanced and the pricing of government-guaranteed liabilities improved.

“PH is mindful of the dire state of the federal government’s fiscal situation,” the statement said, adding that subsequent reforms would seek to ensure fiscal conduct was more sustainable, inclusive, and growth-enhancing.

PH said that it would seek, if voted in power, to “improve the investment climate, reduce the cost of living and doing business, raise national competitiveness, and promote greater economic prosperity”.

“Malaysia is blessed with a hardworking and talented workforce, good infrastructure, and abundant resources,” the statement added.

“Irresponsible fiscal policy conduct since 2009 and steady erosion of the quality of our institutions have set the country back.

“The time for progressive change, not a witch hunt or retribution, is long overdue.” – May 8, 2018.