Subsidy must hit targets

IT was revealed recently that the rich are the main beneficiaries of the government’s fuel subsidy programme. Of the estimated RM4bil spent by the government on fuel subsidy between January and March this year, more than half was enjoyed by the T20 group, the richest people in the country.

Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz said that for every RM1 spent on fuel subsidy, 53 sen went to the T20 while only 15 sen benefited the B40 or the bottom 40% of Malaysian households in terms of income.