KUALA LUMPUR: The government will have to bear up to RM100bil in subsidies every year unless the subsidy system is reformed, says Economy Minister Rafizi Ramli.
The Pandan MP said in 2022, the government allocated over RM80bil for subsidies and according to him, this figure only involved subsidies for RON95 petrol, diesel, LPG and electricity.
"So rationally, we are aware that the spending should be targeted to those who are actually in need and the remaining can be used for public service and national development. With such a concern in mind, Dr Wee urged the government to explain the method it would employ to ensure no one would be neglected.
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