THE government remains committed in carrying out various initiatives and programmes for the welfare and wellbeing of the people despite the burden of debts and the huge cost involved in administrating the country.

Economy Minister Rafizi Ramli said the government has limited reserves since the revenue of the government is only around RM300 billion a year while the government would need to spend a huge sum for giving out subsidy, administration cost and to pay interest on debts.

“The government allocates RM80 billion for subsidy, interest paid on debts amounts to about RM30 billion, and when we add wages, remuneration for civil servants, rental of buildings, the amount runs into another few hundred billions.

“At the end of the day, there is no money in the coffers to do more,” he said when speaking at the Madani Tour held in Sungai Tua today.

Rafizi said due to the predicament, the government is not able to provide additional subsidy for fuel prices because other programmes and initiatives need to be carried out for the benefit of the people.

“If we want to reduce fuel prices, we need to look at a price that is lower than the current price of RM2.05 per litre. In the current situation, crude oil price in the market is US$80 (RM364) a barrel.

“The government provides a subsidy of RM1 per litre to maintain the price at RM2.05 per litre,” he said.

Speaking of the opposition playing up calls to reduce fuel prices, Rafizi said the government does not want to take a populist approach but rather remain focused on the welfare of the people, provide better facilities and infrastructure as well as offer better salary for civil servants.

“To win the state elections would not be difficult. Prime Minister Anwar Ibrahim and I can entice the people by reducing fuel prices by another 20 sen, so that everyone will vote for us.

“However, that would mean the salary of teachers will be reduced, housing projects for the poor will not take off, issues of water supply like in Kelantan would not be solved and the government might not be able to assist our children who enter universities to further their studies,” said Rafizi, who is also PKR deputy president. – Bernama, July 31, 2023.