Prime Minister Anwar Ibrahim says cutting subsidies is not an option, so the government must rationalise them instead.
Prime Minister Anwar Ibrahim said there was no way to cut food subsidies because it would increase the cost of living.
KOTA KINABALU: Subsidies, including on electricity, fuel and food, are expected to exceed RM81 billion this year, says Prime Minister Anwar Ibrahim. He said even though the figure was high, reducing the total subsidy without looking at the needs of the people was not an option for the government. Therefore, he said the rationalisation of subsidies was important to ensure the people were given assistance while the country’s economy remained strong.
“Subsidies for chicken and eggs amounted to RM3.8 billion but reducing the subsidies would not be an option because it will raise the cost of living.“With such a volume of subsidies, no country can survive,” he said at an event at the Sabah International Convention Centre here tonight.
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