Finance minister: Govt has enough money to continue fuel subsidy amid rising global crude oil prices

  • 📰 malaymail
  • ⏱ Reading Time:
  • 34 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 86%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

KUALA LUMPUR, June 10 ― The government still has sufficient funds to continue to provide fuel subsidy to the people despite rising global crude oil prices. Finance Minister...

KUALA LUMPUR, June 10 ― The government still has sufficient funds to continue to provide fuel subsidy to the people despite rising global crude oil prices.

“Our inflation target is still within what we have said before ― between 2.3 and 3.3 per cent,” he told reporters after the launch of the Khazanah Sustainability Framework & Targets: Investing in a Sustainable Transition 2022 here, today. “As what the government has said before, the amount of the subsidies for this year will reach RM70 billion, meaning that the fuel subsidy will reach RM30 billion. We have make a projection based on Brent oil price. Last month , it already reached RM5 billion a month.

Meanwhile, he said the government has no intention of asking for an additional dividend from Petronas to bear the subsidy at the moment.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Pastu nak besar kan kek aiyoo

Sejak dulu Madey ni tamak, kaut keuntungan utk diri dan kroni. Kalau duit tu ade xyah la risau psl benda basic mcm ni pun.. Patutlah atuk ni x suka dgn HRHJohorII yg confront dia tu

Liar la rm650 k gaji last time tak rasa la sakit🤣

🤣🤣🤣🤣🤣🤣🤣

Pls. 😂😂😂

I worry he keeps saying this until we become bankrupt. Then he says 'Oh, a mistake was made'

😅😅😅😅😅😅😅

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 NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

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

Finance minister: Govt still studying all tax systems including GSTPUTRAJAYA, June 8 — The government is still studying all tax systems in the world, including whether or not to reintroduce the Goods and Services Tax (GST) in the...
Source: malaymail - 🏆 1. / 86 Read more »

Finance minister: Govt still studying all tax systems, including GSTFastest GST can be reimplemented is 6 months after greenlight, he adds. Do also study the tax for the uber rich ya tzafrul_aziz Pls also study those vvip which hav yet settled their tax. Before even goes to gst which will burden your dear rakyat! The best course of action is to implement the MST system !
Source: malaysiakini - 🏆 20. / 51 Read more »