Bulk subsidy in BUDI95 lets the ‘maha kaya’ off the hook, says MP
The government has missed an opportunity to “place a bigger burden” on the “maha kaya” or “ultra-wealthy” with the bulk subsidy approach adopted in rolling out the BUDI95 scheme, says a backbencher in the Dewan Rakyat.
Nik Nazmi Nik Ahmad (PH-Setiawangsa), who previously served as the natural resources and environmental sustainability minister, instead argued in favour of the government’s targeted subsidy approach applied to other forms of assistance.
He pointed to targeted subsidies for diesel and electricity, which had helped the government save RM11 billion in subsidies for 2023 and 2024, while also preventing 85% of electricity users from facing higher bills.
“For me, it is normal that whenever we push for reforms and implement changes, there will be those who are unhappy with such measures,” he said while…
