Malaysia PM Anwar eyes targeted subsidies for low-income groups

KUALA LUMPUR: Malaysia is reviewing its government subsidies programme, aiming to direct money toward low-income groups, Prime Minister Anwar Ibrahim said on Sunday , prioritising the rising cost of living as he takes office at a time of slowing growth.

Government agencies have two weeks to review the implications of narrowing the subsidies, he told a news conference. Malaysia offers subsidies to all citizens, with fuel and cooking oil accounting for the biggest expense. It also subsidises electricity, sugar and flour. "Subsidies must be targeted, otherwise those subsidies are enjoyed not just by the low-income group but also the wealthy," said Anwar, who emerged as Malaysia's prime minister after a closely fought election last week.Anwar is carrying through the stance of the previous administration, which last month proposed a smaller Budget, cutting subsidies due to rising commodities costs and the resulting impact on government coffers. Malaysia is estimated to spend a record 77.

Don't forget to also take care of the middle class. They are usually the forgotten ones.

回教徒911恐怖份子巫师巫婆民族肛交男

Singapore Latest News, Singapore Headlines

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

Commentary: Malaysia PM Anwar has his hands full sorting out permutations of unity governmentIn forming a new government, Malaysia Prime Minister Anwar will have to deal with a slew of erstwhile rivals even within his ruling coalition, says Oh Ei Sun. many crouching tigers and hidden dragons in Singapore universities... It is not a unity gov. Even Fahmi said so. Neh. This might not be the final govt. Soon the govt can still be changed. Election results are only a reference.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Prime Minister Anwar Ibrahim’s Challenge Will Be Fighting the Islamisation of Malaysia - Singapore NewsMalaysia’s new multiracial PM Anwar may have to douse the flames of (PAS), the Pan-Malaysian Islamic Party’s threat of inciting violence against ‘kafir harbi’ (enemies of Islam).
Source: IndependentSG - 🏆 9. / 63 Read more »

Islamist party PAS turns down Malaysia PM Anwar’s offer to join governmentThe party has 43 MPs, making it the largest party in Parliament. Read more at straitstimes.com. straits_times straits_times Sore Lsr
Source: STForeignDesk - 🏆 4. / 71 Read more »

Malaysia’s new PM Anwar has to 'hit the ground running' to unite the country, say analystsMr Anwar’s extensive portfolio puts him in a good position to forge trust between the parties and different segments of society, observers said. But he needs to move fast. Analysts and Experts should all try running a country of their own since they know so much.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »