Cut Subsidy To Avoid Bankrupcy

Former MAS CEO, Datuk Seri Idris Jaya says Malaysia must start cutting subsidies in order for Malaysia to avoid bankrupt. How true is this statement from Idris Jaya? Why isn't he mentioning about another major cause for the road to bankrupcy?

Malaysia is well known for the subsidies all round, and if these subsidies can be cut for the next 5 yrs, Malaysia would save some RM 110 Billion. Wow! That's an awesome lot of money, and Malaysia could have develop much more with that savings and achieve our aims of becoming a high income country.

Err... hang on! I think Idris Jaya missed out something more serious! There's another factor which resulted in our national bank becoming empty by the day! Yes true! It's corruption! This is the one aspect neither we, nor all the experts can estimate. How much Malaysia has lost due to corruption is beyond our guessing, and only god knows how to trace this.

If the reduce in subsidy is for the good of country, development of country, I have no much comment on this but to accept it as a result for Malaysia to survive. But before starting to cut all these subsidies, have they actually look into or study where has all the money gone? I think with a proper management and administration it is still not that bad, and Malaysia can still survive for many more years to come.

BUT with corruption getting worse by the day, no matter how we trying to save costs, it will not be enough because the more money we have in reserve, the more they will dig it out and propagating corruptions. This has also lead me to a thinking, my personal thinking - BN is now trying to save as much money they could, taking it away before the next GE. Should they lose in the coming election, they would be safe with loaded of money in their respective banks. What is left for the incoming government (if any) would be an empty shell, a totally dried bank account.

So from my own thinking, this cut in subsidy issue is a sign of BN losing confident in the coming GE, hence is ready to CABUT!