Aug 28 2015, 09:58 PM
QUOTE(dreamer101 @ Aug 27 2015, 10:08 AM)
prophetjul,
1) THE GOVERNMENT usually has a deficit of 40 to 50 billions even with normal income.
But,
2) Given the drop in Oil Price, THE GOVERNMENT will collect a lot less from Petronas this year..
So, in summary, even increase GST by another 6% to 12% and cut all petrol subsidies is NOT ENOUGH.
Dreamer
i think we are paying tax for petrol if we were to compare the world oil price vs what we are paying now1) THE GOVERNMENT usually has a deficit of 40 to 50 billions even with normal income.
But,
2) Given the drop in Oil Price, THE GOVERNMENT will collect a lot less from Petronas this year..
So, in summary, even increase GST by another 6% to 12% and cut all petrol subsidies is NOT ENOUGH.
Dreamer
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