The government has just announced the reduction of subsidies for petrol, diesel, Liquefied Petroleum Gas (LPG) as well as sugar as a first step to the gradual subsidy rationalisation programme effective Friday (July 16). PM said the subsidy rationalisation would allow Malaysia to reduce Government expenditure by more than RM750 million this year.
So what the Minister in the Prime Minister Department, Datuk Idris Jala highlighted all this while has finally gone into somebody's mind. As a nation, we cant's afford to have the subsidy forever. The decision was made after the government has made a determined effort to engage the public, listen and learn, and then act in the best interest of the nation.
PM said, these measures are designed to have minimal impact on individual families, but long-term benefits for the nation. The Government has made a difficult, but bold decision.
Malaysians as a whole, need to adjust to the new reality...!
Please check your spelling mistakes, rest is ok for starters
ReplyDeleteStill on the subsidy.
ReplyDelete1. All of a sudden, shops in many places were filled to the brim with sugar. A coincidence? this happened barely 48 hours after the price of the commodity were revised upwards. Could it be hoarded sugar being released into the market?
2. Gerakan wants the government to revise the subsidy given to independent power producers and big companies following the cut in subsidies on fuel, liquefied petroleum gas and sugar. Good suggestion, as by doing so, the rakyat will not feel that they are being made to face the brunt of the subsidy cut.
3. Generally, many agree that it is not appropriate for the government to spend RM 1 billion a year to subsidise an item (sugar) which is bad for the health.
With regards to subsidy...
ReplyDelete1)Its important the amount saved spent wisely and goes to the right hand and to the needy.
2)Its hard but possible to open fair competition for sugar manufacturer in term of offering additional license for market player.... better pricing, effective cost, quality and other good things....eg for export purposes
3)We are starting to become more efficient and effective user....after the cut.
I agree with you Joidin. In fact, we should feel lucky as compared to our neighbour countries, their fuel price is far higher than us. For example, RON95 for Thailand - RM4.12, Indonesia - RM2.48 and Philippines - RM 6.60. Haha, lucky to be Malaysian!!!
ReplyDeleteYes, Nur. You are absolutely right. compared to other countries, we as Malaysians are still very2 lucky. The quality of life are much better. Having said that, we need to adjust to the new reality. The government needs to do some fundamental shift in terms of policy, approach and management of our resources.
ReplyDeleteTo Banker on the street - fully aggree. The amount saved shd go to the needy.
Salam bro. Joidin,
ReplyDeleteLets think back who actually get the benefit from the subsidy given. For eg.subsidy for fisherman.FISHERMAN means who?
Just to share my experience from my previous Department ( Ministry of Domestic Trade and Consumer Affairs).