- A total of 8.27 million households out of 30 million population allegedly earn below RM3,000.
- To have millions entitled to BR1M shows the absolute failure in gov’t policies.
First of all, 8 million applicants are not the same as 8 million recipients.
The entire 30 million population, regardless if you are a billionaire or a specialist doctor or a sales assistant can attempt and apply for BR1M, but approvals will only be given based on a fixed set of criteria by the Government.
Not all applicants earn below RM3,000.
A multi agency team goes thru every single application.
And just to give you some insights, the Finance Ministry does not only look at your income statements.
They also check you, your spouse and dependents' assets like vehicle ownership. For example, if you declare your income as RM2,000 but you drive a Toyota Camry, sorry lah, the Government knows and you are not getting any BR1M.
So, what about the higher number of recipients?
In 2012, there were 4.1 million recipients.
Under BR1M 2017, to date, there are 5.15 million applications that have been approved while 3 million more applications are being processed (not approved yet).
When we first started BR1M in 2012, it was only given to a SINGLE category - households with income of RM3,000 and below.
Under BR1M 2017, the net has widened since 2012.
- OLD: households with income of RM3,000 and below get RM1,200
- NEW: households with income between RM3,001 to RM4,000 get RM900
- NEW: Youths with income of RM2,000 and below gets RM450.
This explains the higher number.
If anything, it highlights the generosity of a "bankrupt, failed" Government that has consistently been saying that blanket subsidies are removed so that more targeted assistances can be given.
You should continue to hide behind pseudonyms because your lack of knowledge and emotionally driven comments are disgraceful.
Let me highlight one more. A subscriber named Clever Voter said that "Growth of anything less than roughly 7-8 percent conservatively means we borrow to close the deficit."
Well, according to data from the Economist, there were no country that grew between 7-8% in 2016 and by the way, Malaysia is the 9th best performing economy in the world last year.
So yes, based on the 'Clever Voter Theory', everyone borrowed to finance their deficits.
For the year 2017, only India has been forecasted to achieve a growth that fits your 'clever' theory, at 7.4% while Malaysia is expected to be 7th fastest growing economy in the world this year.
A clear failure of Barisan Nasional, and it is all Najib's fault.
May I suggest, that the Clever Voter and his friends spend some time this weekend in MPH at the Economics textbook section. That will help.