Subsidy cut the better option

The recent restructuring of fuel subsidies shocked the nation. It seems like a drastic move but it is better than spending RM40bil a year on oil subsidies when there are other pressing socio-economic needs.

LAST Wednesday, Prime Minister Datuk Seri Abdullah Ahmad Badawi shocked the country by announcing subsidy cuts for both petrol and diesel. His main critics slammed the decision as a move to spike whoever would take over from him.