Govt spent RM66.3bil on subsidies last year, says Finance Ministry

  • 📰 staronline
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 75%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

KUALA LUMPUR: Some RM66.3bil was spent on subsidies in 2022, says the Finance Ministry.

Minister Datuk Seri Anwar Ibrahim said petrol, diesel, liquefied natural gas subsidies as well as cooking oil, electricity, chicken and egg subsidies incurred the biggest expenditures.

“There are no intentions to further reduce the current ceiling price for these products to prevent the government incurring more costs,” the Prime Minister said in a written parliamentary reply to Datuk Seri Hamzah Zainudin on Thursday .Anwar said the government is also exploring steps to provide targeted subsidies in the near future to reduce leakages.

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:

 /  🏆 4. in ZA
 

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

South Africa South Africa Latest News, South Africa South Africa Headlines

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

Finance Ministry denies Iskandar film studios sold to S'pore firmPARLIAMENT | Steven Sim says Khazanah Nasional still owns the assets of IMS.
Source: malaysiakini - 🏆 20. / 51 Read more »

Finance Ministry withdraws Capital Markets and Services Bill from being tabledKUALA LUMPUR: The Finance Ministry has withdrawn the Capital Markets and Services (Amendment) Bill 2023 from being tabled.
Source: staronline - 🏆 4. / 75 Read more »

Finance Ministry: Petrol, diesel prices unchanged for June 15-21 periodKUALA LUMPUR, June 14 — The retail prices of RON97 and RON95 petrol as well as diesel will remain unchanged for the week starting June 15 to 21. The Ministry of Finance (MOF),...
Source: malaymail - 🏆 1. / 86 Read more »

Khazanah still a stakeholder of Iskandar Malaysia Studios but looking for partners, Finance Ministry says amid sale accusationKUALA LUMPUR, June 13 — The Finance Ministry has today denied the sale of a film and television production complex land of 49 acres in Iskandar Puteri, Johor Baru. Deputy...
Source: malaymail - 🏆 1. / 86 Read more »