Cost-cutting measures not meant to halt official travel, but to manage rising subsidy costs, says MOF (opens original article in a new tab)

The Ministry of Finance clarified that cost-cutting measures are aimed at managing rising subsidy costs from higher global oil prices, not halting official travel or government spending. Official overseas travel is restricted to essential trips, while critical sectors like healthcare and education remain unaffected.

• The Ministry of Finance stated that cost-cutting measures are a targeted fiscal strategy to manage rising subsidy costs due to higher global oil prices.
• Official overseas travel is restricted to only scheduled commitments, mandatory meetings, and matters of strategic importance.
• Healthcare and education sectors are not affected by the cost-cutting measures, with increased allocations for medicines and healthcare personnel.