Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz said the projected consumption subsidies covered petrol, diesel, liquefied petroleum gas , cooking oil , flour and electricity to reduce the people's cost of living, and subsidy bills , excluding welfare assistance from 2018 to 2022.
He explained that this also takes into account the recent announcement by the government on additional cash assistance of RM630mil, which increased the amount of BKM Phase 2 for the low-income group to RM1.74bil from June 27, 2022. Tengku Zafrul said the government is sensitive to rising commodity prices and inflation rates due to disruptions to the global supply chain and the Ukraine-Russia conflict, which had caused basic commodity prices to surge in most countries, including in Malaysia.
A lots been put in for B40! The trapped group is bottom M40.
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