{"id":31079,"date":"2017-08-25T16:19:18","date_gmt":"2017-08-25T08:19:18","guid":{"rendered":"https:\/\/www.imoney.my\/articles\/?p=31079"},"modified":"2017-08-25T16:19:18","modified_gmt":"2017-08-25T08:19:18","slug":"stop-t20-housing-subsidy","status":"publish","type":"post","link":"https:\/\/www.imoney.my\/articles\/stop-t20-housing-subsidy","title":{"rendered":"Khazanah: Stop Subsidising Housing For T20"},"content":{"rendered":"
National strategic investment fund Khazanah has urged the government to discontinue subsidised housing programmes for high-income earners.<\/p>\n
According to Suraya Ismail, director of research at Khazanah Research Institute, housing assistance programmes have now reached the top 20% income-earners of households.<\/p>\n
\u201cIt\u2019s too much burden on the government, fiscally,\u201d Suraya told reporters at a forum on low-cost housing organised by Khazanah.<\/p>\n
According to Statistics Department data, the income threshold for households are: bottom 40% (B40) below RM3,860; middle 40% (M40), RM3,861-RM8,319; and top 20% (T20), RM8,320 and above.<\/p>\n
\u201cIn no other country does the top 20% get assistance from the government. We shouldn\u2019t do that,\u201d she added.<\/p>\n