00:00 After listening to the speech, I believe that this is a stimulus that will continue to pressure the middle class, the majority of Malaysians.
00:14 If we look at it, we need to remember four things.
00:17 Reducing public subsidies, increasing public taxes, continuing waste management, and forgetting promises. These are the four basic and fundamental things to my speech today.
00:32 For example, T20 in Kelantan with a house income of RM8,000, if it is landed in Kuala Lumpur, the income of RM8,000 T20 in Kelantan, if in Kuala Lumpur, is classified under the B40 group.
00:49 This means that the gap is very big. So when we hear, for example, the price of chicken, eggs, which will continue to increase and pressure the people with rising daily costs, diesel and others,
01:03 this clearly shows that in the future, the cost of living will continue to increase, especially for the M40 group.
01:11 I have explained the issue of reducing public subsidies.
01:15 The second thing is that the public tax rate will be increased. We heard a while ago that the SST tax rate will increase by 25%, from 6% to 8%.
01:26 We need to understand that this is a tax on goods and services.
01:30 This means that if you are a Malaysian citizen and you make a transaction 20 times a day, each transaction will have an increase of 2%.
01:43 2% is not small.
