Current subsidy mechanism unsustainable, warns Tengku Zafrul

[superadmin]

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.

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