00:00 We just talked about water collection.
00:01 Now let's talk about gold stickers.
00:04 In fact, for a long time,
00:06 Malaysians can buy some products at a very low price,
00:10 including gasoline.
00:13 If you used to think that gasoline was expensive
00:15 and expected gasoline to be cheaper,
00:17 you must know that the expensive one you complained about
00:19 has actually been subsidized by the government.
00:22 If the government doesn't subsidize it,
00:24 the gasoline will be more expensive.
00:25 Anhua said that the total amount of gasoline distributed in Malaysia today
00:28 is the third highest in the world.
00:31 In other words, the government has spent a lot of money
00:34 to allow Malaysians to buy cheap gasoline.
00:37 According to reports,
00:37 the RON95 gasoline in Malaysia
00:39 is the cheapest RON95 gasoline in the world.
00:42 We are ranked ninth on this ranking list.
00:45 Even some major oil export countries,
00:47 such as Saudi Arabia,
00:48 our neighboring countries,
00:49 Indonesia, Thailand,
00:50 local gasoline is more expensive than our Malaysia.
00:53 It can be said that the gasoline of our country in the past
00:55 was really too cheap.
00:57 However, the government has now decided
00:58 to make some adjustments to the gasoline subsidies.
01:01 It can't be subsidized without any limits.
01:04 Anhua announced today that
01:06 the government will cancel the gasoline subsidies.
01:10 But there are exceptions.
01:11 Only logistics, transport operators,
01:14 or some public-selected companies are exceptions.
01:16 Consumers in other fields
01:18 no longer want to have gasoline subsidies.
01:20 This means that
01:21 gasoline is going to rise.
01:22 Only certain industries are not affected.
01:24 Gasoline is going to rise.
01:26 So how much will the price of gasoline rise?
01:28 Anhua said that
01:29 in the past, the government subsidized 1.6 RMB per liter of gasoline.
01:33 Only consumers can buy
01:35 2.15 RMB per liter of cheap gasoline.
01:37 So,
01:38 if you calculate it,
01:40 when the government withdraws the subsidies,
01:42 2.15 RMB plus 1.6 RMB
01:45 is equal to 3.75 RMB per liter.
01:48 Isn't it going to rise by 74% in an instant?
01:51 Hearing this number,
01:52 I'm afraid it will make many bosses
01:53 not only worry, but also have a headache.
01:55 Anhua said that
01:56 in the past, when the government subsidized gasoline without a deadline,
01:59 someone took the opportunity to smuggle these gasolines abroad.
02:04 This is a serious problem.
02:05 So now the government wants to make gasoline subsidies more reasonable.
02:09 On the one hand, it is necessary to stop these smuggling activities.
02:12 On the other hand,
02:12 the government, of course,
02:13 must also avoid the cost of transportation to increase.
02:15 Various costs increase,
02:16 resulting in a price increase.
02:17 So that's why
02:19 gasolines will continue to be subsidized in the transportation industry.
02:22 This is the part of gasoline.
02:23 Then, I want to mention the part of eggs and chicken.
02:27 Anhua said that from February 2022,
02:29 the government provided 3.8 billion RMB of subsidies for eggs and chicken.
02:34 At first, it was to control the price of eggs and chicken,
02:37 and to solve the problem of supply shortage.
02:39 But she said that now
02:40 the supply of eggs and chicken has begun to stabilize,
02:43 and the current market price is also lower than the government's set price.
02:48 So the government cancels subsidies and price control,
02:51 so that the market of chicken and eggs can resume its free operation.
02:54 Anhua said that the government will announce in the next two weeks
02:58 the relevant measures to cancel subsidies for eggs and chicken.
03:02 According to the report,
03:06 the total amount of subsidies provided by the Chinese government in 2023
03:07 is estimated to reach 8.1 billion RMB.
03:10 This is more than 6.4 billion RMB of the previous budget.
03:14 However, Anhua said that
03:15 although these subsidies have subsidized so much money,
03:17 they are mainly to benefit the rich.
03:20 There are also 3.5 million foreign citizens
03:23 who benefit from these subsidies.
03:25 In fact, these subsidies should have been provided
03:27 to those local people in need.
03:31 For example, poor people should get subsidies,
03:33 but a lot of money has gone to places where it shouldn't.
03:36 So the government is now going to divide the subsidies
03:38 to make them more reasonable.
03:40 Cut off some subsidies,
03:42 and save the money for private contributions.
03:45 Since saving money is for the poor,
03:48 Anhua also announced the relevant benefits for poor families.
03:52 Anhua announced that the government will allocate 5.5 million RMB
03:55 to provide about 142,000 poor families
03:58 with a 40-cent electricity bill discount every month.
04:01 At the same time, the authorities will also exempt
04:03 the deposit of 120,000 poor families' electricity bills.
04:06 In addition, the allocation of Aixin Assistance Fund (STR)
04:09 will also increase from 81 RMB this year
04:11 to 100 RMB next year.
04:14 The subsidies for the poor are increasing in large quantities.
04:17 So, does the overall budget for the budget case increase?
04:20 The answer is yes.
04:22 This is also the most expensive budget case in China's history.
04:26 The total budget reached 3,938 billion RMB,
04:28 which is 3.3% higher than last year's budget.
04:32 Although the spending is large,
04:33 the fiscal deficit is not more than 5%.
04:36 This is still within the scope of the promise to control before Anhua.
04:40 And 77% of the government's spending next year
04:43 is spent on administrative spending.
04:46 Development spending accounted for only 23%,
04:48 which is 7.2% less than last year.
04:51 (Music)
