THE total amount of subsidies is expected to reach nearly RM80 billion this year, the largest amount in history, according to Finance Minister Datuk Seri Tengku Zafrul Tengku Abdul Aziz.
The government had earlier announced an agreement to implement targetted subsidies after data showed that out of every RM1 spent on subsidies, RM0.53 went to higher income groups, while only RM0.15 went to the B40.
This week, The Good, The Bad and The Ugly discuss whether it is worth spending that huge amount on subsidies, if these subsidies are being misdirected, and if subsidies are even the answer to tackling the growing poverty and cost of living issues faced by the B40 group.
In international news, Boris Johnson has announced his resignation as British prime minister after dozens of ministers quit his government over 48 hours of frenzied political drama. He also steps down as Conservative party leader, but will remain caretaker PM until a successor is determined.
Our panellists observe this latest development in UK politics and make some uncanny comparisons with the political happenings in our own country. – The Vibes, July 9, 2022
Presented by Petra News chief executive Datuk Zainul Ariffin Mohamed Isa, executive director Datuk Ahirudin Attan (better known as Rocky Bru) and editor-in-chief Terence Fernandez
Produced by Shazmin Shamsuddin and sound engineered by Ethan Phoon
