While the government had the political courage to implement the ‘unpopular’ subsidy rationalisation, the prime minister says it cannot go too far as it must ensure its survival in the next general election.
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https://www.freemalaysiatoday.com/category/nation/2024/10/07/true-statesmanship-may-cost-us-elections-says-anwar/
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Read More:
https://www.freemalaysiatoday.com/category/nation/2024/10/07/true-statesmanship-may-cost-us-elections-says-anwar/
Free Malaysia Today is an independent, bi-lingual news portal with a focus on Malaysian current affairs.
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NewsTranscript
00:00Achieving great statesmanship may come at the cost of electoral support, says Prime Minister Anwar Ibrahim.
00:09Anwar said his administration has summoned firm political courage, unlike previous administrations,
00:15to implement subsidy rationalisation at the risk of being unpopular among the people.
00:21However, Anwar said the move is not entirely without political considerations,
00:26as the government still has to survive in the next elections.
00:30Anwar said being a great statesman who plans for the next generation is the goal,
00:35but a balance is necessary between being a statesman and a pragmatic politician.
00:41Early in his term, Anwar had pledged to improve Malaysia's fiscal position and reduce government debt,
00:47currently over 60% of the gross domestic product.
00:51Anwar, who is also Finance Minister, aims to replace broad subsidies,
00:56which cost the country RM81 billion last year,
00:59with targeted assistance to help lower the 2024 budget deficit from 5% to 4.3% of GDP.
01:08Natasha Bust, FMT News.