KUALA LUMPUR: The government is committed to controlling the cost of living in the country when it provides an additional subsidy allocation of RM370mil for July and August this year.
Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz said the additional subsidy allocation was following the Agriculture and Food Industries Ministry's announcement yesterday on chicken and eggs subsidies, making the projected subsidy expenditure for 2022 to RM77.7bil.
"With the latest announcement, the government has provided RM1bil to help the people, namely additional chicken and egg subsidies for two months, namely July and August, as well as additional cash assistance worth RM630mil paid to recipients of Bantuan Keluarga Malaysia from June 27. Tengku Zafrul also said as an open economy, Malaysia was not exempted from the global inflationary pressures and it meant that rising prices of goods were completely inevitable.
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