The Titiwangsa MP says the nation needs to transition towards targeted subsidies, optimise budget allocations, and focus on food security.
Titiwangsa MP Johari Ghani said Malaysia must prioritise food security, and called for Mardi and large-scale private companies to join the government in expanding rice exports.
“Although these subsidies help reduce the cost of living, they also come with negative consequences, such as financial losses,” he said when debating the 12MP mid-term review in the Dewan Rakyat. He said data from Bank Negara Malaysia showed that the T20 income group receives 82% of petrol subsidies, while the B40 income group receives a mere 14%.
“If a project does not contribute significantly to the economy, it should be revised. We should also identify projects that have a multiplier effect,” he said.
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