The government does not intend to introduce new taxation instruments but aims to implement a more equitable targeted subsidy system that meets the needs of the people, said Datuk Seri Anwar Ibrahim.
In his speech at the Madani Convention in Melaka on Saturday (May 25), the Prime Minister explained that the recent announcement regarding targeted diesel subsidies exempts low-income groups such as fishermen, smallholders, and taxi drivers from these taxes.
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In his speech at the Madani Convention in Melaka on Saturday (May 25), the Prime Minister explained that the recent announcement regarding targeted diesel subsidies exempts low-income groups such as fishermen, smallholders, and taxi drivers from these taxes.
Read more at https://tinyurl.com/3c6emfzk
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NewsTranscript
00:00 The last example is about subsidies.
00:06 Malaysia is one of the countries that provides the most subsidies in the world.
00:11 There is no harm in providing subsidies to help the poor.
00:16 There is no need to be apologetic for the defence.
00:19 But, Malaysia is also one of the countries that provides the most subsidies to the rich and the foreigners.
00:29 There is no need to be apologetic.
00:32 So, in the first news, the tariff on electricity was increased.
00:40 To whom?
00:42 To the 15% of the richest people in Malaysia.
00:45 I think in this parliament, there is no one who is using electricity.
00:50 Maybe the Prime Minister and the Minister of Internal Affairs.
00:53 That is because of our responsibility.
00:56 The government provides the official house, so the electricity is increased.
01:00 If the house is in the river, maybe it will be a disaster.
01:04 So, 85% of the people are not affected.
01:10 Only the rich and the foreigners are not paying the tax.
01:18 Including the people's welfare.
01:24 How much can we save?
01:31 4.5 billion ringgit per year.
01:35 That means, every year for decades,
01:39 we have to pay a subsidy to the rich and the foreigners.
01:47 That is called a rationalisation subsidy.
01:57 Why should we be angry?
02:00 Because we cannot continue the subsidy.
02:02 If we continue, it will be 4.5 billion ringgit per year.
02:08 But, if we withdraw the subsidy,
02:15 we will not be able to save 85% of the people.
02:21 Instead, the subsidy will be 10 billion ringgit.
02:30 9 million people will receive the subsidy.
02:33 With the amount of 10 billion ringgit.
02:38 All of this is a new thing.
02:42 The chicken we eat now,
02:47 is a part of our system of sustainability.
02:52 We pay 100 million ringgit per month.
02:56 1.2 billion ringgit for the chicken we eat.
03:02 Including 5-star hotels.
03:05 I don't know why they don't give subsidies.
03:08 Including 5-star hotels in Kuala Lumpur,
03:12 and the rich people who buy chicken.
03:14 All of this is with government subsidies.
03:17 1.2 billion ringgit per month.
03:21 A few months ago, we withdrew the subsidy.
03:25 But, we call on everyone to make sure
03:31 that the price is not increased to overcharge the people.
03:40 What is the result?
03:42 The price is controlled.
03:44 In fact, the price of chicken is the first time in history
03:48 that I remember since I was a financial scholar.
03:52 The price of chicken has not risen.
03:55 Before that, I thought that I was the ruler,
03:59 who controls the price of food.
04:01 That means, we expect that before Eid,
04:06 the price of food will rise,
04:08 and the government will pay additional subsidies.
04:11 That's automatic.
04:12 The government is not the ruler who controls the price.
04:14 The ruler is the one who helps control the price of food.
04:18 This year, we save 1.2 billion ringgit
04:22 for the price of chicken to be controlled.
04:26 And now, we announce the subsidy.
04:30 What is the use of the subsidy?
04:35 Because I want to show that
04:37 the human being, the benevolence of God,
04:42 as a ruler,
04:44 I do not want to introduce
04:47 a new instrument of bargaining that burdens the people.
04:52 So, if we introduce what I call subsidy bargaining,
05:01 diesel, because diesel is a billion ringgit,
05:05 that's the one that is a billion ringgit.
05:07 What we pay to the rich,
05:10 big industries,
05:12 which profits 1 billion,
05:14 we still subsidize the electricity.
05:18 And the foreigners do not pay taxes,
05:21 35-38 million people do not pay subsidies.
05:26 So, we will introduce a system
05:29 so that big companies, the rich pay,
05:33 and foreigners pay.
05:37 How to treat a small village?
05:41 Grab drivers and taxi drivers,
05:45 and school bus drivers,
05:48 all of them are excluded.
05:52 Hundreds of thousands of people,
05:55 and maybe 1 billion ringgit,
05:57 will be excluded.
05:59 So, if the village is a fisherman,
06:01 a small farmer,
06:03 who needs diesel for planting,
06:08 will be excluded from the subsidy.
06:11 That's the approach we have.
06:13 I explain this,
06:15 because this will be an issue,
06:19 and I want to make it clear,
06:21 it is not in conflict with the thoughts and ideas of the people.
06:27 Another thing that needs to be clarified,
06:31 I want to make it clear,
06:34 so that it can be better understood,
06:36 as it has been used since yesterday,
06:38 by the people and the government.
06:42 So, I just...
06:44 Why is he writing a test?
06:47 He is writing a report, Ramna Bani Adam.
06:58 But, I just want to make it clear.
07:02 I want to say thank you,
07:05 to the leaders of this country,
07:08 to the leaders of Wadah and Yasan Awam,
07:10 who continue to run this program,
07:13 and I hope it can be run in other countries,
07:16 even though, I have to tell you,
07:19 that the situation is also very difficult,
07:23 and I have to make it clear.
07:25 I still don't understand,
07:27 among students,
07:30 especially religious leaders,
07:33 so that it is not confused,
07:35 the need to bring this issue,
07:38 starting with the law.
07:41 This is the government's job.
07:44 Governance.
07:45 The government.
07:46 It is not a group of ordinary people,
07:49 who can give orders.
07:51 But, for the government,
07:53 it must clarify the issue,
07:56 the principle of good governance.
07:59 And the leadership must be ensured,
08:04 to comply with a few main principles.
08:07 The main one,
08:08 to protect the property of the people and the country,
08:12 so that it can benefit the people.
08:16 Thank you.
08:17 [END]