Do not hit the panick button yet because there are some Mitigation Plans for low income rakyat to reclaim yet some money!(See table below;source:PEMANDU).
(CLICK image to magnify)
For the Mitigation Plan under Fuel & LPG,I am not sure what 'Single Vehicle Owner' means but if you are owning two vehicles now, you might want to transfer one to your wife or children now?
Mitigation Plans for these four items affect mainly the more than 60% of the rakyat of one race where their main livelihoods & services are dependable on. These mitigation plans will again need some braincracking and I think it will be back to square one as the definitions for the medical poor, low income household,fisherman & farmer remain as you thought it would be!
In Economics, a subsidy is a type of financial government assistance, such as a grant, tax break, or trade barrier, in order to encourage the production or purchase of a good. I thought this was I learned during my Economics lessons many donkey years ago, whereby subsidies will affect & assist in the Supply & Demand of certain essential goods & services, especially for those basic neccesities, like sugar,flour & rice. The problem actually lies in the control mechanism to prevent abuse of the subsidies, which the Govt said 'I have enough too'!
Apparently, the Govt thought they have had enough of these subsidies thing which are causing the loss of billions from the Govt coffer, stopping short of the subsidies given to other products/services,like the highway toll concessionaires and the independent power producers(IPPs). Of course, subsidies to cronies will continue because they are the ones who can manage the jobs well, as what one of our famous PM insisted.
At least the present PM is daring enough to push this subsidy thing though eventhough it is going to affect the BN in the next GE.
