KUALA LUMPUR: Subsidy reform is often considered a necessity, especially as governments grapple with fiscal constraints. however, the way subsidies ar...
KUALA LUMPUR: Subsidy reform is often considered a necessity, especially as governments grapple with fiscal constraints. however, the way subsidies are targeted can have serious implications for the poor. Dr Muhammed Abdul Khalid, research fellow at Institute of Malaysian and International Studies , Universiti Kebangsaan Malaysia. said targeted subsidies frequently fail to reach the most vulnerable segments of society.
He said investing in mega projects such as high-speed rail, which mainly benefit the top 1% to 3% of the population, was criticised as an inefficient use of public funds, especially in the early stages of budget reform. Instead, spending should focus on public goods such as education, healthcare and public transport – services that benefit the majority.“Ultimately, it comes down to governance.
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