Finance minister II: Govt will ensure the right execution mechanism in place before implementing targeted subsidies

  • 📰 malaymail
  • ⏱ Reading Time:
  • 36 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 86%

Targeted Subsidies News

Amir Hamzah Azizan

KUALA LUMPUR, May 23 ― In the lead-up to implementing targeted subsidies including for fuel, the government will focus on ensuring the right execution mechanism is in place,...

Turbulence-hit Singapore Airlines flight: Three Malaysians in ICU conscious but closely monitored, six others stable and under surveillance, says country’s ambassador to Thailand

“ subsidy rationalisation is required because the prices are so different among countries. We have leakages, we know we have leakages because the incentives are too wide. We have to change incentives within the country so that the people who deserve to get the subsidy, get it.“But what we have to do is to execute subsidy rationalisation. The mechanism must actually be right. I think the government is now trying to finetune so that when it goes down the line it gets to the right target.

“Hence the reforms must happen, and the Ministry of Finance is working closely with the relevant ministries on finetuning the mechanism to ensure that those who deserve subsidies will receive,” he said.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in BUSİNESS

Business Business Latest News, Business Business Headlines