PM Anwar: Subsidy rationalisation part of efforts to cut yearly borrowing to RM86bil in 2024

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The Star 4h ago

PM Anwar: Subsidy rationalisation part of efforts to cut yearly borrowing to RM86bil in 2024 - The Star

Quick Summary:

KUALA LUMPUR: Rationalisation of subsidies is part of the government’s initiative to decrease annual borrowing to RM86 billion in 2024 from RM93 billion in 2023 and RM100 billion in 2022, said Prime Minister Datuk Seri Anwar Ibrahim.

He noted that the government does not want to burden the people and if there were any problems with the diesel subsidy, the government should be informed.

"(Rationalising RON95 subsidies) was not raised as we are currently dealing with diesel so providing proper understanding is vital because sometimes this issue could be twisted.