Skip to player
Skip to main content
Skip to footer
Search
Connect
Watch fullscreen
Like
Comments
Bookmark
Share
Add to Playlist
Report
Refocus on needs, less on income categories
Free Malaysia Today
Follow
11/20/2024
Subsidy rationalisation must benefit those who need it most, whether or not they are earning a high income, says economist.
Read More:
https://www.freemalaysiatoday.com/category/nation/2024/11/27/refocus-on-needs-less-on-income-categories/
Laporan Lanjut:
https://www.freemalaysiatoday.com/category/bahasa/tempatan/2024/11/27/fokus-semula-pada-keperluan-kurangkan-kategori-pendapatan/
Free Malaysia Today is an independent, bi-lingual news portal with a focus on Malaysian current affairs.
Subscribe to our channel - http://bit.ly/2Qo08ry
------------------------------------------------------------------------------------------------------------------------------------------------------
Check us out at https://www.freemalaysiatoday.com
Follow FMT on Facebook: https://bit.ly/49JJoo5
Follow FMT on Dailymotion: https://bit.ly/2WGITHM
Follow FMT on X: https://bit.ly/48zARSW
Follow FMT on Instagram: https://bit.ly/48Cq76h
Follow FMT on TikTok : https://bit.ly/3uKuQFp
Follow FMT Berita on TikTok: https://bit.ly/48vpnQG
Follow FMT Telegram - https://bit.ly/42VyzMX
Follow FMT LinkedIn - https://bit.ly/42YytEb
Follow FMT Lifestyle on Instagram: https://bit.ly/42WrsUj
Follow FMT on WhatsApp: https://bit.ly/49GMbxW
------------------------------------------------------------------------------------------------------------------------------------------------------
Download FMT News App:
Google Play – http://bit.ly/2YSuV46
App Store – https://apple.co/2HNH7gZ
Huawei AppGallery - https://bit.ly/2D2OpNP
#FMTNews #Subsidy #Income #Madani
Category
🗞
News
Transcript
Display full video transcript
00:00
The government should turn its focus back to a needs-based subsidy program
00:06
rather than distributing aid based on one's income level, say several experts.
00:11
Economist Jeffrey Williams said there are many instances where families in the top 10 to 15%
00:17
of earners may need help. For example, he said a household with a disabled family member who
00:23
requires 24-hour care would need healthcare subsidies even if they fall under the T15
00:28
category. Similarly, the Federation of Malaysian Consumer Associations said a needs-based subsidy
00:36
program promotes equity by prioritizing households with heavier financial burdens.
00:42
Its CEO, T. Sarabanan, said this framework ensures that subsidies reach those who need them the most
00:48
regardless of their income levels, rather than lumping households into generic income categories.
00:54
He pointed out that two households with the same monthly income may have vastly different
00:58
situations, with one supporting elderly parents or footing high medical expenses,
01:03
and the other not burdened by such costs. When tabling the 2025 budget in October,
01:09
Prime Minister Anwar Ibrahim had announced that several subsidies would be withdrawn for the T15
01:14
group. This month, however, the government launched the Basic Expenditure of Decent Living
01:19
Classification System, aimed at replacing the traditional B40, M40, and T20 segmentations.
01:27
Natasha Biest, FMT News
Recommended
5:06
|
Up next
Explainer: Turning around the Malaysian economy
Free Malaysia Today
6/21/2024
1:23
MEF, MTUC say state-based minimum wage proposal ‘problematic’
Free Malaysia Today
2/7/2025
1:07
Umno needs drastic change to stay in govt, analysts say
Free Malaysia Today
12/26/2024
1:31
Isu MyKad boleh lambatkan akses bantuan bersasar, kata pakar
Free Malaysia Today
3/24/2025
1:25
Autism and savantism explained
Free Malaysia Today
10/22/2024
1:19
Proposed travel ban on errant developers’ relatives ‘ridiculous’, says association
Free Malaysia Today
10/29/2024
1:37
Malaysia to boost AI adoption, fill talent gaps, says minister
Free Malaysia Today
8/13/2024
2:07
Penggunaan MyKad salur bantuan tepat sasaran, elak ketirisan subsidi
Free Malaysia Today
3/30/2025
2:46
Dr M and Ku Li: a tussle between ends and means
Free Malaysia Today
6/30/2024
1:36
Malaysia's e-waste problem explained
Free Malaysia Today
3/3/2025
1:33
MM2H: better than before, but still some way to go
Free Malaysia Today
7/5/2024
1:23
Oil brings vast economic benefit
Free Malaysia Today
7/16/2024
1:24
Regulate, don’t ban, political funding, say MPs
Free Malaysia Today
2/6/2025
1:18
MyKad issues could delay access to targeted aid, says expert
Free Malaysia Today
3/24/2025
1:16
Without technocrats, PAS risks returning to hardline image, says analyst
Free Malaysia Today
2/21/2025
1:14
Bersatu’s call for snap polls driven by weakening influence, says analyst
Free Malaysia Today
2/12/2025
1:29
Wan Fayhsal bimbang sokongan Melayu hampir tepu
Free Malaysia Today
4/30/2025
1:20
Forward-thinking, ‘distinctively Madani’ budget gets thumbs up
Free Malaysia Today
10/19/2024
1:58
Make fabric recycling more accessible to public, govt told
Free Malaysia Today
7/19/2024
1:35
Kerajaan pertimbang pinda undang-undang jaga hak kepentingan awam, kata PM
Free Malaysia Today
10/29/2024
1:15
PAS needs to convince PN that it has what it takes for PM post, say analysts
Free Malaysia Today
1/14/2025
1:08
PAS eyes bigger role in PN as Bersatu’s dominance questioned
Free Malaysia Today
4/16/2025
2:39
Malaysia’s tech ambitions hinge on STEM talent, says Mosti
Free Malaysia Today
5/17/2025
1:10
Experts view investment opportunities in Bangladesh with caution
Free Malaysia Today
1/22/2025
1:18
MLFF won’t end highway jams but will ease traffic flow, says expert
Free Malaysia Today
2/22/2025