MoF mulling use of technology application for targeted subsidy implementation

Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz.

KUALA LUMPUR: The Ministry of Finance (MoF) will consider the move to use technology application to channel subsidies to target groups more efficiently.

Its Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz however stressed that now is not the right time to implement targeted subsidies as the country’s economy is still in the recovery phase while inflation remains low compared with other countries.