KUALA LUMPUR (July 18): Umno info chief Shahril Hamdan at present advised PKR president Datuk Seri Anwar Ibrahim to make up his mind about the subsidy issue and policies to tackle inflation.
“For weeks you complain about subsidies being inadequate. In truth, on June 27 you requested for even more subsidies. You instigated individuals to go to streets and express dissatisfaction precisely about subsidies.
“Now when the government exhibits that our subsidies are the largest ever and have stemmed potentially even greater inflation like in the the rest of world, you say ‘why rely on subsidies?’
“Just yesterday he repeated promises of lowering petrol prices. What mechanism is he going to use if not even bigger subsidies?” Shahril stated.
Shahril’s remarks come after the Port Dickson MP stated in Parliament at present that the Umno-led administration’s response to inflation was insufficient, calling for structural reforms.
“Based on today’s remarks, if he was prime minister, we wouldn’t have subsidies? We would depend on ‘structural reforms’ to manage inflation? Tell me which structural reform carried out right now can clear up the problem tomorrow and would have saved inflation at under 3 per cent?”
“What’s your great thought to stem foreign money depreciation? You need Bank Negara Malaysia to follow different central banks and lift interest rates tremendous excessive to maintain in line with the US Feds? The dollar is strengthening globally. What is Pakatan Harapan’s plan to gradual the depreciation? If not rates of interest then what? Peg like Mahathir? Use up our foreign reserves?” the Umno member mentioned.
He stated Pakatan Harapan mustn’t discuss structural reform when in their 22 months of power all they did was roll back GST and and elevated our dependency on petrodollars.
“Their structural reform is more like structural regression.
“BN has began structural reforms but we understand that to resolve today’s problems, each quick and long term interventions are needed,” he stated.
To offset the value hike for essential goods, the government has spent greater than RM77 billion in subsidies to keep inflation at a manageable price of 2.8 per cent, one of many lowest inflation rates in the region.
The funding allocated for subsidies is greater than double the unique allocation of RM31 billion in 2020. – Malay Mail