Why is Angkasa concerned about Budget 2021 changes?

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Angkasa Expresses Concern Over Potential Budget 2021 Revisions

Angkatan Koperasi Kebangsaan Malaysia Berhad (Angkasa) has voiced concerns regarding potential alterations to the Supply Bill 2021 (Budget 2021) following its approval at the policy level. The primary apprehension is that any modifications made during the committee stage could disrupt the planned economic recovery initiatives and the distribution of aid, particularly impacting the over six million members of cooperatives nationwide.
Impact on Economic Recovery and Aid Distribution

Angkasa president Datuk Abdul Fattah Abdullah highlighted that changes to the budget after its initial policy-level passage could significantly hinder efforts to plan for economic recovery and deliver essential assistance. This disruption is especially critical for cooperative members, who rely on these planned measures. The organisation, representing approximately 14,000 cooperatives across Malaysia, believes that a stable and predictable budget is crucial for effective implementation of support programmes.
Inadequacy of Current Cooperative Funding

The current allocation for the cooperative movement within Budget 2021 is perceived by Angkasa as insufficient. The budget earmarks RM6.5 million for the development of cooperative businesses and RM30 million for financing the cooperative revolving capital fund, totalling RM36.5 million. Angkasa considers this sum to be notably small when compared to the financial support provided to the Small and Medium Enterprises (SMEs) sector.
Call for Reallocation of Funds

Angkasa is advocating for the government to consider reallocating a portion of the budget designated for SMEs to bolster the cooperative movement. This request is based on the sheer scale of cooperative membership, which stands at 6.1 million individuals, significantly exceeding the approximately one million people involved in the SME sector. Furthermore, Angkasa noted that the Budget 2021 policy did not explicitly detail benefits available to cooperatives registered with the Cooperatives Commission of Malaysia (SKM).
Angkasa's Commitment to Social Welfare

Beyond its budgetary concerns, Angkasa demonstrated its commitment to community welfare through a corporate social responsibility (CSR) initiative. The organisation distributed daily necessities valued at RM3,500 to 50 individuals from the B40 group in Bandar Baru Sentul. This initiative, part of the Coopcare Angkasa CSR programme, has benefited over 37,000 people to date, underscoring Angkasa's role in supporting the community alongside its economic activities.

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Why is Angkasa concerned about Budget 2021 changes?

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