I don't understand where this is going.
Take away the subsidies meant for the rakyat, then compensate by ploughing the money back to the rakyat through several poorly conceived programmes...
Why not retain but fix the subsidy at current levels, then work out something that really works?
As as for Govt savings, that's a 2-edged sword. Unnecessary spending should be curbed - afterall, why does a minister even have to have 1% of his/her entertainment budget when directly or othrwise, each has enough access to wealth? And how about relooking the contracts of the IPPs and other petrol users who make up the non-vehicle component of the subsidy?
This said, government spending will spur economic growth and should be done carefully, and properly. Public transport for one. Education another. A better healthcare system. Need I say more?
What we do NOT need: government bailouts of useless projects, overseas training centres, useless loopsided tourism campaigns, lawatan sambil belajar...
Lastly, BP has said that there is 42 years more of fuel, what does Petronas say? In fact, shouldn't it be time for Petronas to come under the purview of the government and not one man?
I continue to be confuse. Why form another committee when the basic startegy is flawed? We do not need a committee on inflation, we need a leadership that understands the components that make up an economy and to focus on the multipliers that matter...
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