Bad governance and widespread corruption in the country are the cause of the massive RM362 billion debt the country has accumulated over the years.
“It is wrong to give the perception that the accumulated debt of RM362 billion is due mainly to the subsidies given to the people," Tawau MP Chua Soon Bui said.
She said the arguments by federal leaders for ending the subsidies were just a desperate measure to cover up for “their past recklessness in managing the country's resources”.
The government contends that its subsidy programme costs it RM74 billion annually.
Chua said by declaring that the country would go bankrupt if government aid is continued, the government is pinning the blame on the subsidy programme and holding the people to ransom.