Khairy urges Umno MPs to ‘incite’ those left out of Budget 2019

Rembau MP Khairy Jamaluddin (right) says Budget 2019 only benefits developers and investors.

KUALA LUMPUR: Khairy Jamaluddin has urged fellow MPs from Umno to “incite” the people to stand up against “shortcomings” in Budget 2019 which he said only benefitted the developers and investors and cause more hardship for the poor.

The Rembau MP said Umno MPs must rise and meet the common folk affected by the budget and hear their problems.

In a forum today, Khairy said as opposition MPs, they must step out of their comfort zone in Parliament and strategise on how to “incite” the people to fight back.

“End of the week, go meet the farmers and fishermen in your constituency, demonstrate at the Agricultural Department to demand for monsoon season aid that has yet to be given.

“In political warfare, you need to get out of the Parliament more… explain to the youths about PTPTN.

“Not that we want to incite the rakyat, but, I would say, sort of,” he said to a question at the “Wacana U3.0 Jom Bersama YB Khairy Jamaluddin” event at Menara Dato Onn here today.

He was responding to a participant who had asked him if the opposition in Parliament were planning to keep mum on the National Higher Education Fund Corporation (PTPTN) loan issue.

In Budget 2019, the government announced a scheduled repayment scheme of between 2% and 15% of the borrower’s monthly income, applicable to those earning more than RM1,000 each month.

This has riled up students owing the national education loan corporation as they claimed that the repayment plan would severely affect those earning RM1,000.

Khairy said he and opposition leader Ahmad Zahid Hamidi had rejected the Budget 2019 for not being a “pro-rakyat” budget.

“When we cut scholarships, the allocation for rural areas, aid for farmers, fishermen and small-time planters… is this a people-friendly budget?” he asked.

Khairy, who is BN’s shadow finance minister, said the budget appears to side with developers and investors as they seemed to benefit more from it.

He said the case in point was the FundMyHome scheme announced by the government, which he said would enrich developers.

Khairy explained that the scheme does not allow a first-time home buyer to actually own a home.

“You pay 20% of the home’s price and you get to stay for five years. You do not own the house. Investors own your house, as they hold 80% share.

“And I want to ask the government, how is a youth going to find a deposit of 10% for a home? Without that 10%, how is he going to cough up a 20% downpayment?”

Khairy said the scheme, ultimately, would not benefit the rakyat at large, but enrich investors.

“FundMyHome is not MyHome. 20% is not MyHome, is somebody else’s home… it is for the rich to invest.”

Under the FundMyHome scheme, buyers pay 20% of the property price. This will then be placed in a trust account to pay the 5% annual investment return to participating institutions, including banks, for a five-year period.

The balance of 80% will be contributed by participating banks. There is no monthly repayment for the first five years for the buyers. After this period, buyers can sell the home, buy out the remaining portion of the property not owned by them at market price, or refinance the home.