According to Deputy Finance Minister Datuk Chor Chee Heung, the new fuel subsidy management system will be implemented from May 2010 onwards, so I suggest everyone be prepared to restructure your household’s monthly budgets for a potential increase in fuel expenditure, especially if you are a middle income earner, a group that like its namesake are constantly squeezed around the world.
The system is currently being finetuned and studies on the subsidy distribution and target groups are currently still underway. The system’s exact mechanism will be announced after the study is completed and a decision has been made.
The PM had previously announce in his Budget 2010 speech that the system would use our MyKad identification card.
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AI-generated Summary ✨
Comments express mixed feelings about the new fuel subsidy system, with concerns about potential abuse, especially by the wealthy or through myKad cloning and theft, and doubts about implementation feasibility. Some see it as a fairer approach that could help allocate subsidies more effectively, while others worry it might burden middle-income earners or lead to increased corruption and smuggling. Opinions also highlight the importance of technological reliability, fair taxation, and better public transport to reduce dependence on fuel subsidies. Overall, commenters are skeptical about the system's effectiveness, fearing misuse, administrative issues, and negative impacts on low and middle-income groups, though some acknowledge the need for reform to move toward market-based fuel pricing. Sentiments tend toward cautious skepticism with calls for better planning.