Saturday, April 7, 2012

Abolish PTPTN, is it a good move ???

BATU PAHAT: The government needs to spend RM43bil if it were to abolish the National Higher Education Fund Corporation (PTPTN) as aspired by the opposition, said Datuk Seri Najib Tun Razak.

Datuk Seri Anwar Ibrahim today said that scrapping the federal higher education fund PTPTN is possible by eliminating the country’s wasteful expenditure The Pakatan Rakyat PR de facto leader cited the country’s RM150 billion revenue saying that much money was wasted on construction that had ballooned in cost as well as leakages and bribes as reported by the Auditor-General.

The Prime Minister said any move to abolish the PTPTN would impose a burden on the government.
"There are only three countries in the world that fully bear the cost of higher education for the people such as Norway.
"But Norway imposes a high taxation rate on the people," he said when launching the 'Jelajah Janji Ditepati' programme at Batu Pahat Stadium, here.
The government did not want to burden the people by imposing high taxes in order to abolish the PTPTN, said Najib who is also the Finance Minister.

Even now, he said, the government bore about 90% of the cost of higher education for the people, with the PTPTN being utilised only to pay for the tuition fees for the students.

He said this when commenting on the call by the opposition parties which planned to abolish the PTPTN if they were to win the next general election. BERNAMA

What is your view on this matter ???

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