Sarawak To Study Impact Of Fuel Subsidy Cut

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KUCHING, Oct 5 – Sarawak Housing Minister Datuk Amar Abang Johari Tun Openg said his ministry will study the impact of the latest fuel subsidy rationalisation on the state’s housing sector.  “We will monitor the impact of the subsidy reduction. “Undoubtedly, there will be a slight impact on inflation. “However, I am sure the government has a mechanism in place to regulate the consequences of the subsidy reduction.”

He said the government’s rationale for reducing the subsidy by 20 sen was to generate savings and utilise it to help those in the low-income bracket.  Abang Johari said this after officiating at the SPM Principles of Accounting and Career Workshop 2014 gathering, organised by the Sarawak United National Youth Organisation, here yesterday.

Abang Johari, who is also state tourism minister, said he was positive that 2015 Budget, due to be announced on Friday, would benefit the people. He said he hoped that Sarawak and Sabah would receive more allocations, particularly for rural development.  “We hope that with the rationalisation of the fuel subsidy, a bigger budget will be channelled to Sarawak and Sabah.

“I also hope that there will be good news for the housing sector, as prices are increasing dramatically.  “We want houses to be affordable for people in the middle- and low-income groups because if they cannot afford to buy houses, the ongoing development projects by the government will fail to reach the targeted groups.”

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