ASIAN governments are actively implementing swift policy responses to high energy prices and security risks, including inflation-suppressing measures such as fuel subsidies, price caps, work-from-home, lower-day workweek, providing incentives for energy conservation and releasing strategic petroleum reserves.
Countries with weaker fiscal balance sheets find themselves in a challenging dilemma where continued subsidy spending becomes fiscally unsustainable as it reduces budget spending in education, healthcare, and infrastructure.
