Malaysia could spend $9 billion in oil subsidies in 2022: Finance minister

KUALA LUMPUR - Malaysia's petroleum subsidies Bill could more than double to RM28 billion this year if crude oil prices remain at elevated levels following Russia's invasion of Ukraine, the finance minister said on Thursday .

Finance Minister Tengku Zafrul Aziz told Parliament the government has already started boosting subsidies, spending RM2 billion on petrol, diesel, and liquefied petroleum gas subsidies in January - a tenfold increase from the same month last year.Its monthly subsidies bill could balloon to RM2.5 billion if the war in Ukraine, which Russia calls a"special operation",as global supplies are squeezed, Datuk Seri Tengku Zafrul said.

He added the government was reviewing its subsidy mechanisms to ensure the handouts reach targeted vulnerable groups, as prices of other subsidised goods such as cooking oil are also set to rise."So the increase in subsidies needs to be offset by additional revenue and expense savings."

日本 最新ニュース, 日本 見出し

Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。

Pakistan to exceed revenue target in FY22 - finance ministerISLAMABAD : Pakistan will exceed the revenue target set in the last budget for the current financial year, the country's finance minister said on Wednesday. Speaking at a news conference, the minister, Shaukat Tarin, said revenues would hit 6.1 trillion Pakistani rupees ($34.2 billion), compared to a targ
ソース: ChannelNewsAsia - 🏆 6. / 66 続きを読む »

Malaysia end-Feb palm oil stocks falls 2per cent to 1.52 million tonnes - MPOBKUALA LUMPUR : Malaysia's palm oil stocks at the end of February contracted 2per cent from the previous month to 1.52 million tonnes, data from the industry regulator, the Malaysian Palm Oil Board (MPOB) showed on Thursday.Crude palm oil production declined 9.26per cent from January to 1.14 million tonnes
ソース: ChannelNewsAsia - 🏆 6. / 66 続きを読む »