KUALA LUMPUR, Sept 19 — The government may have to bear more than RM100 billion in subsidies annually if the world crude oil price hits US$100 (RM470) a barrel, said Economy...
KUALA LUMPUR, Sept 19 — The government may have to bear more than RM100 billion in subsidies annually if the world crude oil price hits US$100 a barrel, said Economy Minister Rafizi Ramli.
Rafizi also expressed confidence that the unity government will do the right thing and will make complete changes regarding the targeted subsidy mechanism. Rafizi said that rationally, it would be better if this expenditure could be targeted at the people who really need it and on public services as well as other development expenditures.
“The approach taken through Padu to identify eligible groups will reduce inclusion and exclusion errors by creating a centrally-based integrated database to help the government make decisions based on data. It will cover things such as the number of households, records of income in the household, dependent children of the household according to education level, location of the household, number of vehicles in the household, records of assistance received from government departments in the content house and other information that can help determine the disposable income of each household.
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