World Bank: Targeted subsidies good idea


KUALA LUMPUR: The World Bank reckons that subsidies should be targeted and hence welcomes the Malaysian government’s move to review the fuel and cooking oil assistance mechanisms.

Senior country economist Shakira Teh Sharifuddin said at present, fuel subsidies benefit households in the high-income segment more than those in the low-income group.

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World Bank , fuel , cooking oil

   

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