Largest ever subsidy of RM77.3bil for 2022 to reduce cost of living for the people, says Tengku Zafrul

KUALA LUMPUR: The projected consumption subsidy expenditure of RM77.3bil so far for 2022 is the highest subsidy in history ever borne by any government, said the Finance Ministry.

Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz (pic) said the projected consumption subsidies covered petrol, diesel, liquefied petroleum gas (RM37.3bil), cooking oil (RM4bil), flour and electricity to reduce the people's cost of living, and subsidy bills (RM9.7bil), excluding welfare assistance from 2018 to 2022.