Anwars PTPTN plan will squeeze Petronas dry, says Muhyiddin



By Shazwan Mustafa Kamal
Apr 09, 2012
Muhyiddin pronounced Anwar's offer would forestall Petronas from reinvesting a funds. File pic
BANGI, Apr 9 Datuk Seri Anwar Ibrahim's plan to make use of Malaysia's oil income to abolish a sovereign student loan intrigue is not possibly as it will severely hobble Petronas's finances, a deputy budding minister has said.
Tan Sri Muhyiddin Yassin rubbished Anwar's explain that a country's oil income could cover shortages in a country's preparation bill, job it an "irresponsible" resolution to a issue.
"Petronas is also a company; if we squeeze it dry (and) it cannot invest, afterwards how can Petronas generate money for alternative fields? He (Anwar) never thinks.
"The (National Higher Education Fund Corporation) loan is simple. There have been ways of repayment, or else a figure will be bloated to RM43 billion," a DPM told reporters here.
"If we do not pay, we have been not responsible. The account has to be tolerable to be means to await a preparation of young kids in a future," he added.
Muhyiddin pointed out that a portion of Petronas income is already being used for assorted alternative purposes, as well as that receiving another RM43 billion would put a huge burden upon a oil firm.
"Anwar can contend that... he has no shortcoming but a Barian Nasional supervision has experience... some countries have raised their taxes to do this," pronounced Muhyiddin.
Pakatan Rakyat de facto personality Anwar previously dismissed Datuk Seri Najib Razak's explain that abolishing a National Higher Education Fund Corporation (PTPTN) loan intrigue would price taxpayers RM43 billion, saying his calculations showed it would be most lower.
Pakatan Rakyat had previously betrothed to abolish PTPTN loans as well ! as yield Malaysians with giveaway aloft preparation should it come to power, maintaining that scrapping a intrigue was possible by eliminating a country's wasteful expenditure.
Anwar had also cited a country's RM150 billion revenue, saying that most money was squandered upon building a whole that had ballooned in price as well as leakages as well as abuse as reported by a Auditor-General.
Students, led by Solidariti Mahasiswa Malaysia (SMM), have been planning to hold a convene subsequent month job for a extermination of a PTPTN.
But Higher Education Minister Datuk Seri Khaled Nordin pronounced not long ago that students who want a PTPTN to be scrapped should vote for a opposition rather than take to a streets as a 13th ubiquitous choosing would be called soon.
Khaled had earlier voiced during a shutting rite of a 2012 National Higher Education Carnival here that a Cabinet had approved an additional RM6 billion in appropriation for PTPTN loans for 2012/13.
His method had asked for an additional RM16.5 billion to account aloft preparation loans for a 2012-2015 period.
Khaled also pronounced a PTPTN was necessary despite a low tuition fees during open universities as a price of food as well as place to live is borne by students.
Yesterday, Najib pronounced usually 3 countries in a universe fully bear a price of aloft preparation for a people such as Norway, that imposed tall taxes, a pierce he pronounced was undesirable for Malaysia.
He pronounced a supervision did not want to burden Malaysians by imposing tall taxes in order to abolish a PTPTN.
Najib pointed out that his administration department currently gimlet 90 per cent of a country's aloft preparation costs, as well as stressed that a PTPTN was usually being utilised to compensate for students' tuition fees.
Read More @ Source



More Barisan Nasional (BN) | Pakatan Rakyat (PR) | Sociopolitics Plus |
Courtesy of Bonology.com Politically Incorrect Buzz & Buzz

No comments: