More on the fuel subsidy topic once again, with the government stating how much it could save if the top 20 (T20) income group was not given fuel subsidies. According to deputy finance minister Datuk Seri Ahmad Maslan, Putrajaya could save up to RM17 billion from that segment should it implement a targeted subsidy scheme, according to news reports.
Speaking in the Dewan Rakyat, he said that the government spent RM50.8 billion in subsidies for petrol, diesel and liquified petroleum gas (LPG) in 2022, and of that total, about 35% or RM17.8 billion went to the T20. He added that the M40 group made up 41% of the total, and the B40 group, 24%. Last year, the amount enjoyed by the T20 was said to be RM8 billion, so that’s a bit of a jump from then.
“If the T20 is not given petrol, diesel and LPG subsidies, the government can save between RM15 billion and RM17 billion. You can imagine how this can be used to assist the people through programmes from all 26 ministries,” he said during the question and answer session in Parliament yesterday.
He was responding to a supplementary question by Datuk Ahmad Amzad Hashim (PN-Kuala Terengganu), who asked if the government’s move to use an integrated database in its planned targeted subsidy mechanism would be effective in filtering out leakages, and how those who have dropped from the M40 group to the B40 will still benefit from government subsidies.
The matter of targeted subsidies has been brought up on numerous occasions over the years, and prime minister Datuk Seri Anwar Ibrahim has renewed the push to implement such a scheme. Having asked relevant government ministries to explore the impact of such a move last year, it was expected that an announcement of some sort would be made during the retabling of Budget 2023, but nothing along those lines came about.
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terbaik phumnu lain janji lain dapat
The PH voting T20 will up their prices and charge back to the B40s & 40s, in the end everyone suffers and so will be the downfall for PH less than 2 years.
#100Hari
#KerajaanGagal
No prob. Make it floating. Will benefit most to us.
the government can save more than 5bil if they remove all handouts and tongkat to the B40.
More B40 will happily use more cars and cause more traffic jam.. hehe
kesian kumpulan T20. dah lah mereka bayar cukai lebih, ni kena lagi another slap in the face
Go on! RM17bil can be used for the first payment for the East Coast Railway to China.
> Increases taxes for T20
> Removes subsidies
wait for it…. brain drain coming.
investors leaving. no tax monies
You are literally describing the budget just announced
To be fair, remove BR1M
government should start to look into ways to reduce support for the B40. In malaysia, you are rewarded to be poor and penalized to be rich. Take for instance the EPF redrawal, B40 redraw their funds and some take it to buy new phones, new clothes and even downpayment for new cars or motorbikes. when they have depleted their EPF, government pump in RM500 for them. also, government increase the income tax for rich and channel the money to help the B40 while the B40 don’t even pay a single cent of income tax. now government wants to do targeted fuel subsidy by taxing the rich even further. the B40 group is already enjoying cash handouts from BR1M. Government got all these money to help the B40 by making the rich pay more. The rich earn their money through hard work and prudent spending while the B40 is always hoping for handouts and complaining of not getting more. Their poor planning life and financial coupled with their tidak apa attitute is biggest burden to the country.
Your Excellency Ben Yap
I couldnt agree any less with your proposal.
I have seen with my eyes,B40 take the EPF funds,queue up to buy cincin berlian,the lastest I phone,and some even boasting Anwar will melt and give another withdrawal.
They pretend to be “poor” cos they know all the bantuan going to them.
They rent cheap apartments,but cars must be brand new with new sports rims.They trade in the original oem rims for kaw kaw canggih rims.Dont believe,just go to any car accessory shop.
This bantuan thing is being abused by politicians pressuring Anwar for more EPF withdrawals.
Germen is giving them tenggiri but not teaching them how to fish for tenggiris.It will never end.Bantuan must be targeted to the genuinely disabled,n poor.
Seems like this bantuan thing is an election tool to stay in power.
Last time,it is Keluarga Msia.
Now,it is MADANI.
TIME for PM to take a simple salary,catch n jail the remaining crooks,and stop bantuan slogans.Teach rakyat to be an “economic “angler.No more tongkat.,please.
make 3 days WFH as compulsary. can save bunch of money to cover the inflation that these people begging for epf widhdraw. lets give them fish rod to catch the tenggiri
“You can imagine how this can be used to assist the people through programmes from all 26 ministries” More like going into their pockets . Opps
Siapa lantik Kjaan Lanun Hoi hoi hoi!
Until today there are still no breakdown on how you all coop out that figure so here lets try to make assumptions.
B40 – all drives motorcycle (about 40%-50% savings compared to driving a car) so translate to 24% subsidy.
M40 – all drives a car so translate to 41% subsidy.
T20 – this is a special group who owns 1.7x cars and that 1 fella can drive that 1.7x cars all-together everyday while all their cars uses RON95 and that translate to 35% subsidy Nice.
Anwar menang rakyat senang.
Please don’t do this, Anwar. If not, you will lose my vote.
Tax the rich, help the poor.
Funny is the rich voted for Anwar but got betrayed.
The poor didn’t vote for Anwar and this will not change anything.
Anwar is dead PM walking.
Targeted fuel subsidies mean lower food and goods prices? Is it correct, Anwar and Rafizi?
“No if rakyat didnt lower down chicken & eggs consumption or did not boycott expensive shop, targeted subsidy did not meant for lowering inflation”… i guess this is the future statement?
I think pilot wt T10 first. These group i believe wd hv achieved financial freedom
This govt is now giving the signal to the rakyat to maintain at B40 and M40 so they can enjoy more handouts. Time for the T20 to goyang kaki and enjoy themselves and wait for handouts. Why work hard to feed them??? By the way, ministers are exempted from income tax between 70% to 100% when they are earning at least 50k per month!!! We pay taxes to feed this bums ok!
Should start from certain categories of car can’t pump 95 1st and see how it goes. Then make all fuel float and provide subsidies direct to bank to those who really needed it.
menteri2 bukannya bayar duit minyak pon.. Tu sebab dia x kisah T20 punya subsidi ditarik
Terbaik gomen Madani. Tax the rich , help the poors
How have they come up with the breakdown? It’s not like they’ve any data on petrol usage
U are not tracking who is using how much feel today.. without that data means assumption over assumption, and many more assumption layers to come out with this number as savings. Mana boleh bang, now is 2023…u sure after implementation can gain this much or not. We also know numbers
If they want to make this really fair, they’d tie this in to your income tax. Float the price for everyone, then based on the data for B40 average distance travelled vs. fuel efficiency of the vehicles in that category, they should provide a claimable amount. For students, elderly and unable it could be a special concessionary card. Those who are able and don’t pay tax / contribute to society, tough luck.
Make it fair, make it transparent. If this system is not linked to your income tax then how do you know if they are B40 etc?
Just implement a “10 years Petrol COE” onto every new/used car purchase and registration, and subjected to thier salary.
B40 pay Petrol COE RM1,000/10year
M40 pay Petrol COE RM10,000/10year
T20 pay Petrol COE RM20,000/10year
T05 pay Petrol COE RM30,000/10year
At the same time, control Petrol Fluctuations rate.
Not more than 10% Annual Inflation, 1 flat rate at the Petrol station,
Declare transparently the expected range of Petrol rate of each year,
Stabilizing business and minimizing effect
So,
Proton Saga Price:
B40 – RM41k
M40 – RM50k
T20 – RM60k
T05 – RM70k
How about a used 2015 2 airbags Camry:
B40 – RM61k
M40 – RM70k
T20 – RM80k
T05 – RM90k
Should remove all subsidies once and for all
Really stupid
Sure that rm17b will b use for the benefits of the people? All BS…. Punish the hardworking 1 to spoon feed the others
Lol…. Pay so much tax but can’t enjoy the benefits.. If the government can adjust the range of the income tax of the range T20 from 200K to 1M. By removing these fuel subsidies will make more sense.
All they talk about is how much they can save if a section of the Malaysian populace is denied subsidies. But those subsidies are funded predominantly by taxes imposed on the T20 aa they pay the bulk of tax. The further irony here is the increase in taxes on the T20 while reducing taxes on the M40 in the latest budget. So Tax the T20 more, tax the M40 less than further grant subsidies to the M40 from the additional tax revenue from the T20 while denying them the priviledges funded by those taxes.
then can save 17 bil so mean t20 can pay lesser tax? save already mah discount little bit like this only fair mah.
That is the reason why income tax was cut. For you to buy unsubsidised fuel. Gomen gain several billions just from this move alone.
Remove our RM17 bil subsidy we reduce our tax payment by RM17 bil. Fair game?
yang marah dalam ni semua t20 ke? tanya je.
Gov gets no dung if T20 not paying taxes.
Sorry, but which idiot thought this idea is good? Because I want to let this idiot know that it is an idiotic idea. Why? If you buy a car, did you forget that imported cars are highly taxed? The collected tax amount is more then the amount of fuel subsidy that the car will ever use for the lifetime of the car itself. For example,
say a luxury car is taxed RM100,000.
Let’s say the subsidy for fuel is RM1 per liter.
That car need use 100,000 liters of fuel to use up the tax that the government got from the purchase of the car itself.
If the car use around 1000 liters of fuel a month. 1000 × 12 = 12,000 liters a year. The car will need around 10 years just to use up it’s own tax money.
And for a car with a tax of RM100,000 can be considered as a relatively “cheaper” luxury car. Also you need to remember, rich people don’t have just 1 luxury car. So not all the cars will be used every single day.
Let’s not forget that these rich people also pays much, much, much more on income tax too. They also pay more on sst/gst too since they spend more. So this idiotic idea is totally unfair for the rich. A much more logical question that should be asked is, where does all those tax money went to?
How to get the figures? All the diesel subsidiary goes to T20?
The government should implement this years ago to save on unnecessary subsidies. Even the M40 should be given less subsidies than the B40. But implementing it is difficult. Because there are those in this group that drive modest car and there are Mercedes Benz that have 1500 cc engines.
Increase my tax, charge me 200% on vehicle, cancel my petrol subsidiary. PM terbaik. If this happened, Selangor state will lose 4 votes in parliament and state. I confirm!