RM77.3 billion in subsidies for 2022 highest in history
Finance Minister Tengku Zafrul Abdul Aziz says the projected consumption subsidy expenditure of RM77.3 billion so far this year is the highest in history ever borne by any government. – The Malaysian Insight file pic, June 25, 2022.
Minister Tengku Zafrul Abdul Aziz said the projected consumption subsidies covered petrol, diesel, liquefied petroleum gas , cooking oil , flour and electricity to reduce the people’s burden, and subsidy bills , excluding welfare assistance from 2018 to 2022. He said this also takes into account a recent announcement by the government on additional cash assistance of RM630 million, which increased the amount of BKM Phase 2 for the low-income group to RM1.74 billion from Monday.
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