Home / Business & Finance / Tun M proposes 10 pct pay cut of high salaries in govt, private sector
-- Former prime minister Tun Dr Mahathir Mohamad today proposed that people earning high salaries in the government or private sector should forgo 10 per cent of their salaries to help the poor during this COVID-19 pandemic.He said the money should be ...

Tun M proposes 10 pct pay cut of high salaries in govt, private sector

— Former prime minister Tun Dr Mahathir Mohamad today proposed that people earning high salaries in the government or private sector should forgo 10 per cent of their salaries to help the poor during this COVID-19 pandemic.

He said the money should be used to provide food to the unemployed and those without income.

“It is a sacrifice but I don’t think it would hurt them if there is a reasonable cut-off point, say RM20,000 p.m (per month).

“This pandemic is affecting the poor the most. Those who have lost their jobs and the small traders have no income at all. They earn today for today. If they don’t then they will have no money to buy food even. They will starve.

“On the other hand, those who are paid high salaries continue to earn more than their daily needs. Of course, those who are paid high salaries, such as airline staff and business executives who may also lose their jobs,” he said in his blog at http://chedet.cc today in response to the tabling of Budget 2021 last Friday.

Meanwhile, Dr Mahathir also expressed hope it would be modified in order to become more realistic and people including politicians can support it.

“While the economic situation requires more money to be spent by the government, the pandemic also affects the revenue for the government.

“The budget is for the Year 2021. The expectation of economic recovery is too optimistic,” he said.

Last Friday, Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz, tabled the 2021 Budget with an allocation of RM322.5 billion, the highest in the country’s history in facing the various challenges due to the COVID-19 pandemic.

Source: BERNAMA News Agency

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