PETALING JAYA: Budget 2024 is expected to allocate lower subsidies as the government accelerates its efforts to remove the top 20% (T20) income earners from enjoying blanket subsidies.
TA Research head of research Kaladher Govindan said Budget 2024 could include a total subsidy of RM40bil, down by 32% from the RM58.6bil allocated for this year.
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