PETALING JAYA: As the current fuel-subsidy scheme in Malaysia undergoes a possible revamp, one economist has voiced his support for introducing a multi-tiered mechanism, which could presumably help optimise the Government’s Budget.
According to Alliance Research chief economist Manokaran Mottain, a tiered fuel subsidy structure would serve the twin objectives of budget consolidation and plugging subsidy leakages. “The Government can provide targeted subsidies in the form of a percentage rebate off the market fuel price to eligible individuals according to their household income classes,” Manokaran said in his report yesterday.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
