Again in Kuala Selangor, finance minister says Malaysia’s inflation rate near lowest in world thanks to high subsidies

KUALA SELANGOR, July 8 — Malaysia’s official inflation rate of 2.8 per cent was among the lowest globally because tens of billions in public funds were being spent on subsidies annually, Finance Minister Datuk Seri Tengku Zafrul Abdul Aziz said.

Tengku Zafrul added that the subsidy bill exceeded even the RM75 billion he allocated for development spending in this year’s Budget.“How many schools and things we could have built with that money?” he said. There is speculation that Tengku Zafrul, a senator, could contest in this constituency in the next general election.Tengku Zafrul has denied this, but his persistent and frequent presence in the constituency — including today’s event — continues to fuel the rumour.

And how are u financing the subsidies? Increasing our debt?

Malaysia Boleh 💪💪

Educated fella try to fool kampung people again. Cooking oil 5 kg from RM16/bottle gone up to RM42/bottle due to inflation of 2.5% only

Subsidies for neighbour country also🫣

Terima kasih la

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Finance minister: Govt in the midst of testing mechanism for targeted fuel subsidy systemKUALA LUMPUR, July 7 — The government is in the midst of testing the mechanism for the targeted fuel subsidy system but no timeline has been set for the execution, Finance...
Source: malaymail - 🏆 1. / 86 Read more »

Finance minister: Govt in the midst of testing mechanism for targeted fuel subsidy systemKUALA LUMPUR, July 7 — The government is in the midst of testing the mechanism for the targeted fuel subsidy system but no timeline has been set for the execution, Finance... Bodoh menteri
Source: malaymail - 🏆 1. / 86 Read more »