The wealthiest 15% of Malaysians currently benefit from 40% of the RM8 billion subsidy.
news # Budget 2025: Anwar Announces Plan To Implement Targeted RON95 Petrol Subsidy By Mid-2025 Cover image via Astro Awani Follow us on Instagram, TikTok, and WhatsApp for the latest stories and breaking news.
The move aims to reduce the burden on public finances, as it was revealed that foreign nationals and the wealthiest 15% of Malaysians currently benefit from 40% of the RM8 billion subsidy, he said.This subsidy cost the government RM20 billion in 2023. Read the full story #Budget2025: Malaysia Receives RM329.5B In Investment, Highest Achievement Ever Recorded The finance minister said the ringgit has strengthened 14.4% against the US dollar in the third quarter of 2024.
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