Nigel Aw
Malaysiakini
Oct. 24, 2015
Prime Minister Najib Abdul Razak offered a list of good news under Budget 2016 which included a hike in civil servants’ pay, increase in BR1M cash handouts, and Goods and Services Tax rebate for mobile phone purchase.
But where is all the money coming from when the country is facing falling revenue from a slump in commodity prices?
Malaysiakini uncovers the ‘bad news’, by breaking down Budget 2016 for you based on ministries which have suffered the worst cuts.
What the premier failed to mention in his budget speech include the likelihood of pricier cooking oil, more expensive train and flight tickets on ‘uneconomical’ routes, the poor having to pay for their electricity bills, and other subsidy cuts. Continue reading “Budget 2016: Subsidy cuts and other things Najib didn’t tell you”