Malaysia

Govt looking into ways to address rising prices of goods, will not let people suffer: PM

To focus on short, medium, long-term actions to ensure rakyat not burdened, says Datuk Seri Ismail Sabri Yaakob

Updated 4 years ago · Published on 03 Jul 2022 3:55PM

Govt looking into ways to address rising prices of goods, will not let people suffer: PM
Prime Minister Datuk Seri Ismail Sabri Yaakob says the government will continue to focus on programmes and initiatives that bring prosperity and benefits to Keluarga Malaysia. – SYEDA IMRAN/The Vibes pic, July 3, 2022

PASIR SALAK – The government will look into ways and means to address the rising prices of goods and will not let the people suffer, said Prime Minister Datuk Seri Ismail Sabri Yaakob.

“Under the previous government, the people struggled, but we (the current government) are looking for ways so that the people are not burdened. Never in history, did we give subsidies so that prices would not rise.

“The government provides subsidies of RM77.7 billion, namely for chicken, fuel, electricity, eggs, cooking oil and water. We take short, medium and long-term actions to ensure the people are not burdened with the increase,” he said when closing the Perak Jelajah Aspirasi Keluarga Malaysia (Malaysian Family Aspiration Tour) at the Datuk Sagor Circuit, in Kg Gajah, here.

According to Finance Minister Datuk Seri Tengku Zafrul Tengku Abdul Aziz, the government’s projected expenditure of RM77.3 billion for consumption subsidies in 2022 so far is the highest subsidy in history ever borne by any government.

The projected consumption subsidies cover petrol, diesel, liquefied petroleum gas (RM37.3 billion), cooking oil (RM4 billion), flour, and electricity to reduce the cost of living of the people, as well as bills subsidies (RM9.7 billion), excluding other welfare assistance.

Ismail Sabri said the present government is a government that will provide assistance, either in terms of material or support, in nurturing the spirit of unity, finding common ground in diversity.

“The government will continue to consistently focus on programmes and initiatives that bring prosperity and benefits to Keluarga Malaysia. This is done to ensure that no one is left behind or no one will be left behind,” he said.

Ismail Sabri also hit out at some parties for accusing the government of not doing anything and not taking any action on the issue of the rising cost of living.

“The government is aware that the price of many goods has increased. I did a random survey at business premises, supermarkets and so on to see for myself the phenomenon of the rising prices of goods,” he said.

On Perak’s development and progress, Ismail Sabri said he is satisfied and happy because various programmes have been and will be planned to be implemented.

“I am happy when the state government strengthens its tourism industry by branding Pangkor as a nautical marine tourism destination through the Pangkor International Marine Tourism Conference 2022.

“Apart from that, there are 93 new and extension projects for the development of schools and educational institutions in Perak,” he added.

Ismail Sabri said the Human Resources Ministry, through the Social Security Organisation, is currently developing the National Neuro Robotics and Cybernetics Rehabilitation Centre in Bandar Meru Raya.

It involves a cost of RM654 million, making Perak the only state to offer this robotics facility, he added.

Meanwhile, under the National Rehabilitation Plan, he said, the Northern Corridor Implementation Authority also implemented several programmes in Perak, which offered 56,642 job opportunities, while the Rural Development Ministry had allocated RM1.77 billion to ensure the comfort and well-being of the rural population in the state. – Bernama, July 3, 2022

Related News

Malaysia / 1w

Petroleum subsidies projected to reach RM40 billion in 2026

Opinion / 1mth

Time to abolish fuel subsidies and tolls?

Malaysia / 1mth

Fuel subsidies or cash aid? Nik Nazmi poll fuels debate

Malaysia / 2mth

PM: Billions spent, but more needs to be done to ease cost-of-living pressures

Malaysia / 2mth

Targeted diesel subsidy system improvements expected in ‘1 to 2 months’

Malaysia / 5mth

PM Anwar dismisses talk of fuel price hikes

Spotlight

Opinion

Can Najib break Madani?

World

Trump offers UFC CEO the position of Press Secretary

Malaysia

Building a great nation begins with happy families, says Anwar

Malaysia

Anwar should sack BN ministers who are not aligned with him – Muhyiddin

Malaysia

AGC rejects claims of defying King’s decree on Najib

Malaysia

Deepavali: Selangor Sultan calls on Malaysians to strengthen unity, reject hatred

Malaysia

If there were still obstacles, why accept the RM50m payment, asks Najib’s daughter

Malaysia

Where did UMNO's RM50 million payment for Najib's release come from?

By The Vibes Says

You may be interested

Malaysia

‘If anything happens, we’ll crowdfund!’ Anwar jokes with Trevor Noah

Malaysia

All 31 Melaka early voting centres close, 94.96pc turnout recorded

Malaysia

UMNO prepared to disclose details of RM50m collected for Najib house arrest

Malaysia

Dedicated till the end, Lexi dies a day after its final SAR mission

Malaysia

Mujahid: Corruption must be rejected, even when committed by our own

By Alfian Z.M. Tahir

Malaysia

Singaporean faces death penalty after RM1.52m cannabis haul found at Ipoh airport

Malaysia

Anwar hails RM203b Softbank-led AI investment as vote of confidence in Malaysia

Malaysia

Man jailed three months for possessing illegal lottery numbers on mobile phone