Spend more on aid, don’t allow EPF withdrawals, Putrajaya told

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Firdaos Rosli of Malaysian Rating Corporation Bhd says the government should give aid to those in need instead of allowing them to use their EPF savings.PETALING JAYA: An economist has urged the government to spend more on aid to support the financially strapped rather than allow them to withdraw their Employees Provident Fund (EPF) savings.Firdaos Rosli of Malaysian Rating Corporation Bhd said there was no doubt that many needed help urgently and the money should come from the government instead of their retirement savings.The EPF should not be seen as a solution to loss of income, he said.“Aid for the people should be state-funded, either through taxation, debt or contributions from government-linked companies,” he said.“The solution is in redistributing wealth and this comes from the government, which can increase its spending and shouldn’t be worried about debt at this poi…