Posted by Tobby > 2022-03-30 04:54 | Report Abuse

During Najib administration, he removed so many subsidies that rakyat got so angry at him!
One of the most sensitive thingy the price of petrol! Najib removed fuel subsidy! The price of fuel were based on market price! And Najib paid the price as Harapan leaders promised 1.50 forever!
Unfortunately, Harapan populist move backfired badly! Today, the price of fuel especially diesel and Ron95 are fixed with heavy subsidy! So heavy that if current subsidy is removed, then you are looking at close to 3.00 for both of this subsided fuel! Of course that also means rakyat will back to angry mode!
And i am sure, PM Sabri ambition to remain PM post GE15 may not materialized! And i am sure Harapan again play the same 1.50 tune thinking they will win!
Here's the thing, this round, things are even worst! After 4 years of bad fiscal policies, we are already too late to save our economy!
Government of the day need to bite the bullet or else things will get ugly and see half of civil servants getting the sack! Well, actually this is good as current bloated civil servants need to go anyway! But this round, if subsidies are not lifted, then half a million civil servants will get their letter soon! And we may also see pension scheme becoming thing of the past too!
And that's only the beginning! Next GLCs too need to make painful cuts!
GST will have to be reinstalled!
Worst of all, inflation will sky rocket not because of increased cost but because cartels will take advantage of such situation to rip more profit!