Subsidy restructuring likely to be announced during this year’s budget

KUALA LUMPUR: Malaysia’s subsidy restructuring framework will possibly is announced during the tabling of the 2024 Budget this year, said Deputy Finance Minister 1 Datuk Seri Ahmad Maslan.

“As you know, Malaysia is moving ahead with targeted subsidy reforms that are intended to save billions annually. Currently, the framework for the implementation of targeted subsidies is 75% complete,” he said in his speech at the Malaysian Institute of Accountants (MIA) international accountants conference 2023 today.