Finance ministry: Inflation, economic growth forecasts not affected by targeted subsidy implementation

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Finance Ministry News

MOF,Diesel Prices,Economy

KUALA LUMPUR, July 31 —The implementation of targeted diesel subsidies is not expected to have a significant impact on inflation and economic growth, as the government has...

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MACC nabs ex-SPNB subsidiary officer with ‘Datuk’ title, two others for allegedly accepting RM110m bribes over housing project in KuantanKUALA LUMPUR, July 31 —The implementation of targeted diesel subsidies is not expected to have a significant impact on inflation and economic growth, as the government has taken into account the rate of increase in diesel retail price and the cash assistance provided, the Finance Ministry said.

It was responding to a query from Datuk Seri S. Vell Paari, who wanted to know problems that may arise from the implementation of targeted diesel subsidies, how to avoid burdening the people, and whether the government plans targeted subsidies for RON95.

 

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