KINIBIZ Tiger read with great interest and increasing alarm that we are going to have a tiered subsidy system for fuel. Now, whoever came up with this feeble idea and who will gain from it? Who will enforce it? Tiger groans at the scheme’s plain stupidity and wonders what’s the motive.
Tell me if I am wrong. Aren’t fuel subsidies supposed to be a toll on government finances and encourages on top of that wasteful use of wasting resources instead of discouraging their unnecessary use? Isn’t that why the government is cutting subsidies bit by bit?
According to Second Finance Minister Ahmad Husni Hanadzlah, the fuel subsidy rationalisation programme will be divided into three tiers, depending on monthly income.
Those earning below RM5,000 will receive a full subsidy, while Malaysians earning between RM5,000 and RM10,000 will have some form of subsidy, though there are no further details on the quantum. Those earning RM10,000 and above would not be eligible for any fuel subsidy.
“The programme is being worked on by the Domestic Trade, Cooperatives and Consumerism Ministry,” said the minister. According to a Bernama report, the government will monitor the claimant and entitlement for each car based on the registered owner of the vehicle.
For the full story go to KiniBiz .
This article was written by P Gunasegaram.
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