Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
post

PM says to cut fuel subsidy at the ‘right time’

DOHA: Prime Minister Datuk Seri Anwar Ibrahim emphasized the importance of reducing wasteful spending and cutting back on excessive subsidies to lower government debt, though he did not specify a timeline for eliminating fuel subsidies.

Prime Minister of Malaysia, Datuk Seri Anwar Ibrahim

“I acknowledge the need for action, but it must be done prudently,” he stated during an interview with Bloomberg Television’s Haslinda Amin at the Qatar Economic Forum.

In response to a question about the timing of subsidy reductions, he remarked, “The key issue is how we implement these reforms without harming the poor – this is crucial to me.”

“We will do it at the right time,” he assured.

Currently, Malaysia subsidizes a significant portion of the cost of fuel and cooking oil for its citizens, a practice that cost an estimated RM81 billion last year. — Bloomberg

Share this post :

Facebook
Twitter
LinkedIn

Create a new perspective on life

Your Ads Here (365 x 270 area)
Latest News

Subscribe our newsletter

Scroll to Top

Subscribe
FREE Newsletter