The prime minister says the government is merely cancelling subsidies and helping those in need.
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NewsTranscript
00:00We inherit huge debt of close to 1.5 trillion ringgit. We don't want to tax the people.
00:11So we tax a little the very rich and we withdraw subsidies to the very rich. That is essentially
00:20the philosophy, the economic philosophy of, people say it's Robin Hood taking over the
00:26risk. It's not even Robin Hood. It's just withdrawing the subsidy, which means we, let's
00:33say happens to be one of the few countries in the world with the highest subsidy and
00:39the least tax base, smallest tax base. So we subsidize everybody. Can you imagine? Electricity.
00:49Before we conducted this program, implement this subsidy rationalization, the richest
00:59men in the country, to our policy, misguided, get subsidy from the government for his 10
01:12or 15 air conditioning.