Time to do away with the tongkat, according to economists Ramon Navaratnam and YKL (Yeah Kim Leng) as told to the Malaysian Insider and posted by Din Marican in Subsidy Cuts will be good for Malaysia here.
Three major benefits of subsidy reforms, says YKL:
greater efficiency gains overall.“Subsidy savings, instead of supporting consumption, can be directed to productive spending such as education, R&D, healthcare and public transportation.
enhancement of the efficiency of the economy.“As we move closer to market prices, supply and demand becomes more market-responsive [and are] driven by price signals.
a more resilient economy, strengthened by lower fiscal deficit and government debt.
The Pakatan "economists" don't think so.All roads lead to politics, as in Vote BN for Bankruptcy featuring Kit, DSAI, and Nik.