Rationalise subsidies through market liberalisation, PM told

[superadmin]

PETALING JAYA: An economist has suggested that the government reduce its intervention in the marketplace and prioritise its liberalisation to achieve comprehensive and long-term subsidy reform.

Center for Market Education CEO Carmelo Ferlito said a true strategy to help the poor should be centred on liberalisation.

“The government should gradually move towards market prices (for all), accompanied by a well-defined and feasible strategy to eliminate monopolies,” Ferlito told FMT.

“Public transportation and utility services such as electricity currently operate under a monopolistic regime and should be opened up to competition. This would benefit consumers by providing improved services and lower prices.”

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