Fews days ago, the Prime minister Muhyiddin announce Bantuan Prihatin Nasional 2.0 (BPN 2.0) totally RM7 bilion BPN aid for B40, M40 class citizen.
For those who don't understand B40 or M40. B40 are those who are consider poor and M40 is for those who consider the middle class.
For the B40 group, households are set to receive RM1,000 while those who are single will receive RM500.
For the M40 group, households are set to receive RM600 while those who are single will receive RM300.
What is my thought about it?
I personally think this is insane. 7 billion ringgit should have set aside for the upcoming 2021 budget that is coming out around November.
While it sounds like good news, in reality, it is bad news. It means now our country national debt has increased by another 7 billion ringgit. Who is going to pay it back in the future?
The timing could not have been more coincidence because right now the Sabah js having a snap election.
It looks more like a move to gain support rather than focus on trying to help people.
This election will determine whether the current party, Perikatan Nasional able to hold a majority in the parliament.
Either way, I guess I will just take the money and invest in cryptocurrency or numismatic collection.
Good article