How much will the country have to bear if PTPTN is abolished?
Prime Minister Datuk Seri Najib Tun Razak said if PTPTN is abolished as desired by the opposition, the government would lose RM43 billion.
The opposition's populism has been criticised for being financially unviable. Apart from abolishing the PTPTN, Pakatan also claimed it would do away with tolls. But that would cost the exchequer another RM50-100 billion.
Clearly, the Opposition's populism would burden the economy at a time when we face global uncertainties, and could even stall our progress towards high-income status.
Last month, Datuk Seri Anwar Ibrahim showed that he had not thought out the details. When questioned by young professionals in Subang Jaya, he could not explain how he would fund the removal of PTPTN.
Anwar admitted that he had not ironed out the details on how to scrap the fund, and said he would appoint a committee to look into it.
Read more here
(Edited by The Mole)