00:00In a situation where people are bearing the burden of a high cost of living and goods prices are skyrocketing,
00:07the government is pulling subsidies and raising interest rates.
00:12The direct effect of this action is that goods prices will become more expensive
00:17and the burden borne by the people is getting heavier.
00:21With inflation expected to rise between 2 to 3.5 percent next year,
00:28the government needs to re-evaluate the basis and method of implementing this subsidy rationalization.
00:36If Petrol 95 subsidy is withdrawn next year,
00:40I am sure that the chain effect will be felt by the people.
00:46Although the government assures that only the T15 group will pay more,
00:53who are the members of the T15 group?
00:56How many of them are there?
00:58Are they the rich and so on?
01:02According to the data of the Malaysian Government,
01:05those who receive RM13,295 per month
01:11are among the top 15 percent in our country.
01:17They may be husband and wife who receive around RM7,000 per month.
01:24They are not the rich and so on.
01:27With their household debts, car debts, children's education fees,
01:32and other benefits,
01:35or their disposable income,
01:38it may not be enough to absorb the increase in the price of petrol.
01:43If they are a group of businessmen and entrepreneurs,
01:46the cost of increasing the price of petrol that is forced to bear
01:50may be transferred to the users by increasing the price of goods and services.
01:57Finally, those affected by the abolition of this petrol subsidy
02:01are not only the T15 group,
02:04but also the B40 and M40 groups.
02:08At the same time, the government has not yet decided
02:12who is included in the T15 group.
02:15What are the criteria?
02:17How many are there?
02:19So without determining who and how many they are,
02:23how can we ensure that only 15 percent or 5 million will be affected?
02:32Your Excellency, the Government has also decided
02:35to increase the minimum wage to RM1,700
02:40starting in February 2025.
02:42The minimum wage increases are pro and contra.
02:46On the part of the workers who benefit from the increase in wages,
02:50this decision is certainly welcomed.
02:54On the part of the employers who are able to absorb the increase in the cost of wages,
02:59this decision will not be a problem for them.
03:02In fact, it is able to increase the value of the workers' salary to KDNK.
03:08However, it will be a problem
03:10if the employers move the increase in the cost of wages to the workers.
03:15The price of goods and services will certainly increase and has already increased.
03:21All of this, of course, has an effect on the purchasing power of the workers.
03:27In addition, the burden of the cost of spending is being felt by the people
03:33as a result of the rationalization of the subsidy,
03:35the increase in electricity and water rates,
03:38the increase in SST and other interest rates.
03:41Finally, the workers who benefit from the increase in wages
03:45are forced to spend money to cover the increase in daily spending.
03:51Your Excellency,
03:52In fact, the increase in the minimum wage must be supported
03:56with a clear base and price control action.
03:59The strengthening of power through price control and anti-unification act of 2011
04:06must be enforced
04:08so that any unreasonable increase is subjected to a firm action.
04:13The strengthening of power needs to be more effective and also extensive.
04:17In addition, the government must also be more careful
04:20in implementing any base that can cause a chain effect
04:26on the increase in the price of goods and services.
04:29In addition, Your Excellency,
04:31the government must look at the problems faced by small companies
04:37that are unable to cover the increase in the cost of company operations
04:42as a result of the increase in the cost of subsidies.
04:46This is because the chain effect of the increase in the minimum wage is great.
04:51It is not only the increase in the cost of subsidies that companies are forced to bear,
04:57but also the cost of logistics, inventory and other operations.
05:02Suppliers will increase the price.
05:05Transport companies will increase the price.
05:08Ordinary equipment used by companies will also increase the price.
05:13And I am worried that finally,
05:15small companies that are unable to cover the increase in costs
05:20will be forced to fire their employees or companies.
05:25Your Excellency, you said that this is a rich group.
05:28I would like to ask the Minister of Finance.
05:31He was here earlier.
05:32What happened to the high-value goods tax that should be implemented this year?
05:39We have not heard any news about it.
05:42Is it imposed or canceled?
05:45While the 10% sales tax on low-value goods has been implemented since January this year.
05:57It is as if the poor who buy cheap goods are taxed
06:02while the rich who buy expensive goods are not taxed.
06:06This is a bit of a dilapidated foundation.
06:10I would also like to ask the Minister of Finance about the progressive wage base
06:15that has been announced by the government.
06:17Will it be implemented,
06:19canceled,
06:20or not implemented at all?
06:23This needs to be clarified.
06:26Regarding the largest sales tax in history,
06:31I remember that this year's sales tax,
06:342024,
06:35originally amounted to Rp 393.8 billion.
06:39It has increased to Rp 475 billion in terms of actual spending.
06:47So, it is likely that the same thing will happen again next year
06:52if the country's spending is not managed efficiently.
06:57I would also like to touch on the increase in food prices.
07:01This is special.
07:03This is a message to all the poor and low-income people.
07:12I am interested in what the Minister of Finance has said
07:16regarding free education.
07:21I am still amazed at the statement made by the head of the Ministry of Food,
07:26Mr. Tamun,
07:29that when they get a job,
07:31they will not only provide free education,
07:35but also,
07:36what is this?
07:37It is a lie.
07:38It is a lie.
07:45Thank you, Mr. President.
07:47I think the answer is clear.
07:50There are many things that the government has announced,
07:53but it is not implemented.
07:55Or it is done the opposite.
07:57It raises a lot of questions.
07:59Is the government holding on to what has been promised?
08:04Or do they just want to keep their mouths shut?
08:08That is why many parties are still not sure
08:13about what was said by Mr. Tamun.
08:16Mr. President, I am very concerned
08:19about the base of the existing subsidy rationalization
08:23that I suggested to be studied more thoroughly
08:28and organized.
08:29Raising the SST interest rate,
08:31raising the electricity bill,
08:32raising the water price,
08:33and many more things
08:35that have caused many people to move out of their homes in our country
08:39and have become homeless
08:41in the midst of poverty.
08:43And this is something that we should not avoid.
08:46Now, the people are facing a rather heavy burden.
08:50The people are being burdened with temporary problems.
08:53They are all oppressed.
08:55Not in a short period of time,
08:57but in a short period of time.
08:59And the effect on the people in our country,
09:02regardless of whether they are Malays, Chinese, Indians,
09:04in the city or out of the city,
09:05is very burdensome.
09:07That is why I am giving a view here
09:09so that the government is more fair
09:12and more concerned about the problems of the people
09:16and do something more quickly
09:18to ease their burden.
Comments