Regaining fiscal space via subsidy rationalisation


AFTER months of speculation, and in its effort to get the ball rolling, the government finally floated the price of diesel in the market at RM3.35 per litre, a big 55.8% jump from the previously fixed price of RM2.15 per litre.

According to the Finance Ministry (MoF), the real intention is to generate savings from apparent smuggling activities and leakages, which cost the government more than RM14bil last year.

Subscribe or renew your subscriptions to win prizes worth up to RM68,000!

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

   

Next In Insight

Banished bond blues give clues to 2025
South Korea’s Yoon can kiss his stock reform goodbye
How the ECB can safely store its crisis toolkit
Powering up the Global South
Even BlackRock is fleeing public markets for alternative assets
The Fed’s next big policy rethink needs rethinking
Saudi Arabia bolsters crude oil share in Asia at Russia’s expense
Answers needed on Widad@Langkasuka
Breaking down the power distance wall
Bayan Lepas all over again

Others Also Read