New targeted subsidy mechanism soon, possibly by 2023, says Rafizi

Posted by Income > 2022-12-24 06:17 | Report Abuse

The government will introduce a new targeted subsidy mechanism soon, possibly by 2023, says Economy Minister Rafizi Ramli during a press conference at the Economic Planning Unit (EPU) office in Putrajaya on Friday (Dec 23). Rafizi also said the introduction of targeted subsidies was out of "sheer economic necessity"

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3 comment(s). Last comment by Income 2022-12-24 06:22

Income

12,478 posts

Posted by Income > 2022-12-24 06:19 | Report Abuse

Subsidy is just a temporary solution to an economic crisis, a bandage for an injury. Targeting the root cause is the long term solution for a healthy economy.

Income

12,478 posts

Posted by Income > 2022-12-24 06:21 | Report Abuse

If i not mistaken Anwar Unity Government is using two tier pricing for controlled item by differential T20 & B40 prices by now. Obviously Cabinet Minister have not setup a mechanism yet.

Income

12,478 posts

Posted by Income > 2022-12-24 06:22 | Report Abuse

We have been in denial for far too long. The sooner we take the bitter pills, the higher is our chances of healing. It will most likely be unpopular but necessary measure to move forward. It will not be easy, but with proper and transparent execution, we might have a fighting chance. It takes guts and political will to execute this painful mission.

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