KUALA LUMPUR, June 25 — The projected consumption subsidy expenditure of RM77.3 billion so far for 2022 is the highest subsidy in history ever borne by any government, said the Finance Ministry.
"When added to other assistance such as social welfare assistance, including Bantuan Keluarga Malaysia , and other subsidies , the total subsidy so far is RM77.3 billion for 2022," he said in a statement today. Also taken into account is the electricity subsidy announced yesterday worth RM5.8 billion for the second half of the year to ensure no increase in electricity tariff from July 1, 2022.
In this regard, the government subsidy is intended to cover the cost of living of the people, he said.
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