If the Government really sees through the reduction and then total elimination of subsidies over the next five years, it is reported that the overall increase in the cost of living for most people, at the end of the five years, which means the beginning of 0 subsidy, will be 20%.
That's a huge amount of money that we are forced to spend. One can say that we are too dependent on subsidies, if there was any to begin with but then when most of our earnings are so low, what could we do? We have already cut down on spending by so much already.
A friend told me that she is planning to buy gold coins to prepare herself in the event that there really is a gradual reduction of subsides and then total elimination by the end of the fifth year. I don't know how much this will help but any investment would be good. I too will have to figure out ways to overcome this impact of subsidy-free country.
That's a huge amount of money that we are forced to spend. One can say that we are too dependent on subsidies, if there was any to begin with but then when most of our earnings are so low, what could we do? We have already cut down on spending by so much already.
A friend told me that she is planning to buy gold coins to prepare herself in the event that there really is a gradual reduction of subsides and then total elimination by the end of the fifth year. I don't know how much this will help but any investment would be good. I too will have to figure out ways to overcome this impact of subsidy-free country.
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