Government committed to controlling cost of living, says Tengku Zafrul
Finance Minister Tengku Zafrul Abdul Aziz says Malaysia is not exempt from the global inflationary pressures and it means that rising prices is inevitable. – The Malaysian Insight file pic, June 30, 2022.
He said the additional subsidy follows the Agriculture and Food Industries Ministry’s announcement yesterday about chicken and egg prices, making the projected subsidy expenditure for 2022 to RM77.7 billion. “The government has spent RM1 billion, namely additional chicken and egg subsidies for two months, namely July and August, as well as additional cash worth RM630 million paid to recipients of Bantuan Keluarga Malaysia from June 27.
Meanwhile, Tengku Zafrul said Malaysia was not exempted from the global inflationary pressures and it meant that rising prices of goods were completely inevitable.
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