AYER KEROH: The National Higher Education Fund Corporation (PTPTN) should be abolished and replaced with a more "holistic and sustainable" policy, says PKR Youth chief Akmal Nasrullah Md Nasir.
Akmal pointed out that 68% of PTPTN borrowers are from the bottom 40 (B40) group, and that government debt would continue to grow by RM2bil to RM3bil each year if the higher education fund policy remains.
"Based on this projection, if PTPTN isn't handled well – 20 years from now, these debts will increase to RM76bil.
"If we keep on inheriting the old ways of the Barisan Nasional government, youth will continue to be pressured and the Government will have to bear more (debt) than 1Malaysia Development Berhad (1MDB).
"Therefore, I urge the PKR Youth wing to ensure that the PTPTN ... is abolished and replaced with a more 'holistic' and 'sustainable' method" he said in his policy speech at the PKR Youth Congress at MITC here on Friday (Dec 6).
In its election manifesto, Pakatan said it would delay PTPTN repayments for those earning lower than RM3,000 a month.
However, the Government did away with the idea to defer PTPTN repayments due to the country's current fiscal position.
Meanwhile, Akmal also urged the Government to draft a policy to reduce the number of foreign workers to 400,000 and 500,000, or about 5% in five years, in line with the #MalaysiaKerja initiative.
He pointed out that the Malaysian workforce stood at 15.7 million, with an unemployment rate of 3.3%.
"More than half a million Malaysians are still unemployed or still actively looking for a job.
"On the other hand, unemployment among the youths is 10.9%," he said.