Malaysia

Targeted subsidies to be carried out as govt plans restructuring

Prime Minister maintains subsidy overhaul will continue to focus on the less fortunate

Updated 2 years ago · Published on 11 Sep 2023 2:51PM

Targeted subsidies to be carried out as govt plans restructuring
The targeted subsidy mechanism aims to ensure that the fate of the less fortunate is protected. – The Vibes file pic, September 11, 2023

by Jason Santos

KUALA LUMPUR – The federal government will introduce the targeted subsidy delivery system to assist the less fortunate as it plans to restructure subsidies of electricity, diesel, petrol and other social assistance schemes, said Prime Minister Datuk Seri Anwar Ibrahim

In tabling the 12th Malaysia Plan mid-term review today, he said the government is concerned about the burdened citizens due to the increasing cost of living and therefore, determined to improve the Targeted Subsidy delivery mechanism as one of its main shifts in the Madani economy. 

Anwar assured that the less fortunate citizens will remain a priority for the government to be saved and remain assisted. 

“The distribution of targeted subsidies and assistance to the citizens will be coordinated through the Main Database System (Padu) based on household data to enhance efficiency and government assistance monitoring. 

“Savings from more targeted subsidies can be allocated accordingly,” he said in parliament here today. 

Anwar maintained the government bears the responsibility to protect its people, especially the less fortunate. The targeted subsidy mechanism aims to ensure that the fate of these groups is protected and that they receive the benefits from the distributed assistance. – The Vibes, September 11, 2023

Related News

Opinion / 1w

Massive attacks in the Thai Deep South aimed at destroying the economy

Malaysia / 2w

Malaysia records 6% GDP growth in Q2 despite global headwinds, says Sim

Malaysia / 3w

Six per cent growth proves Malaysia's economy remains resilient - PM

Opinion / 3w

LHDN’s uneven hand: Tough on MSMEs, soft on the shadows

Opinion / 1mth

Lessons From Negeri Sembilan - Charles Santiago

Opinion / 1mth

The last dredge

Spotlight

Malaysia

Puteri Umno distances itself from viral Threads post

By Alfian Z.M. Tahir

Malaysia

MACC drops orange detention attire for court remand cases after PM’s call

World

Man jailed six years for keeping Indonesian woman as slave in Melbourne home

Malaysia

Emergency declared in Serian as haze reaches hazardous levels (UPDATED)

Malaysia

Haze in Serian enters emergency phase

Malaysia

Death sentence for deaf, mute man who killed family of four upheld

Malaysia

Retired army officer with Datuk title charged with alleged sexual assault of golf caddie

Heritage

Penang first state to recognise Hungry Ghost Festival, cemeteries as heritage

You may be interested

Malaysia

Indian community will never be marginalised in development agenda – PM Anwar

Malaysia

Parliament must turn demographic shifts into laws, budgets, action, says Johari

Malaysia

E-hailing driver helps save 71-year-old from losing another RM10k in suspected love scam

Malaysia

Nepal-China flood toll hits 1,280 as 5,624 remain missing

Malaysia

‘What she said is not true’ — TH chairman says Madinah was served subpoena

Malaysia

PAS-BN talks gain momentum ahead of GE16, Abdul Hadi confirms

Malaysia

Haze in Serian enters emergency phase

Malaysia

Akmal Saleh attends PAS Youth muktamar

By Alfian Z.M. Tahir