00:00Savings from fuel subsidy rationalization should be used to strengthen federal aid
00:06initiatives such as Sumbangan Tunai Rahma and Sumbangan Asas Rahma. Economist Golim Tai and
00:12the Federation of Malaysian Consumers Associations said such reforms are essential given that blanket
00:18subsidies tend to benefit high-income households disproportionately. Go pointed to data shared by
00:23Prime Minister Anwar Ibrahim showing that foreign nationals and the richest 50% of Malaysian consumers
00:28enjoyed as much as 40% or 8 billion ringgit up the Ron 95 petrol subsidy last year. Second Finance
00:36Minister Amir Hamza Azizan previously said the government is expected to save between 7.2
00:41billion ringgit and 7.5 billion ringgit annually by introducing targeted diesel subsidies.
00:46Go said reforming the subsidy system could help preserve public funds for key aid initiatives
00:51including child nutrition, elderly care and targeted cash assistance such as STR and SARA.
00:57FAMCA CEO T Saravan has said subsidy schemes should be implemented with a clear, transparent
01:03and fair targeting mechanism. He also said that any move to redirect savings must lead to broader
01:10coverage and increased payouts in aid programs to ease cost-of-living pressures.
01:14FAMCA CEO T Saravan is a great deal for the future of the future of the future of the future of the future of the future of the future of the future of the future of the future of the future of the future of the future of the future of the future of the future of the future of the future of the future of the future of the future of the future of the future of the future of the future of the future of the future of the future of the future of the future of the future of the future of the future of the future of the future of the future of the future of the future of the future of the future of the future of the future of the future of the future of the future of the future of the future of the future of the future of the future of the future of the future of the future of the future of the future of the future of the future of the future of the future of the future of the future of the future of the future of the future of the future of the future of the future of the future of the future of the future
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