Ipoh Community Forums

Full Version: Current subsidy mechanism unsustainable, warns Tengku Zafrul
You're currently viewing a stripped down version of our content. View the full version with proper formatting.
[Image: Tengku-Zafrul-gst-bernama.jpg]

PETALING JAYA: Finance minister Tengku Zafrul Aziz has warned that the existing subsidy mechanism, in which subsidies are given to Malaysians across the board, is unsustainable.

With Putrajaya’s expenditure on subsidies set to increase by over RM40 billion compared to the RM31 billion allocated in its 2022 budget, he said revenue from taxes and oil will not be sufficient to cover the rising costs for subsidies.

- More -