Prime Minister Datuk Seri Anwar Ibrahim
KUALA LUMPUR: Rationalisation of subsidies is part of the government’s initiative to decrease annual borrowing to RM86 billion in 2024 from RM93 billion in 2023 and RM100 billion in 2022, said Prime Minister Datuk Seri Anwar Ibrahim.
He said that to achieve the lower yearly borrowing target, the government has to ensure prudent spending, avoid waste, and only borrow when necessary for development purposes.
