Short Position: Progressive subsidies, Low wages and expectations, Changing the narrative

Fuel plan: A worker at a petrol station in Kuala Lumpur. A detailed targeted subsidy mechanism is supposedly to be unveiled after mid-2023.

Subsidies, like taxation, should be progressive

NEARLY RM80bil – this was the allocation for subsidies in 2022, the highest in history. From this, RM50.8bil was spent on subsidies for fuel.