Although there were many criticisms regard to abolishment of the subsidized RON95, our PM Najib gave few solid reasons why the action is good for future. He said through the subsidy savings, the government would be able to increase the allocations specifically for the development for the country.
“Just imagine we save up to RM10 to RM20 billion every year. From there we will have extra provisions for the other important sectors, to strengthen the socio-economic development for the country. Continue reading
The government is still studying the new mechanisms so that BR1M could bring more impacts to the needy. One of the outcome is the recently launched, BR1M 2015 which the allowances will be paid 3 times in a year.
Secretary General of the Ministry of Finance, Tan Sri Dr Mohd Irwan Abdullah Serigar said that is to prevent the recipients from spending the money on non-essential goods. He made the statement during post Budget 2015 event organized by the Malaysian Economic Association and University of Malaya yesterday.
As expected the pay day of Bantuan Rakyat 1Malaysia 3 (Pembayaran BR1M 2014) will begin on the middle of the month of February upon the completion of payout of Bantuan RM100 untuk pelajar for students.
Najib announced the good news to about 7.9 million qualified applicants after chairing the MT meeting yesterday.