KUALA LUMPUR: The implementation of a targeted diesel subsidy for consumers in Peninsular Malaysia, expected to save RM4 billion annually, will strengthen the government's fiscal position and improve resource allocation while reducing fossil fuel consumption and carbon footprint.
Sunway University professor of economics Prof Yeah Kim Leng said the rationalisation is anticipated to benefit both the economy and the government by demonstrating a commitment to necessary reforms for fiscal sustainability and economic efficiency.
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