Why subsidies sound costly but incentives sound strategic — Dr Mohd Zaidi Md Zabri (opens original article in a new tab)
Malaysia's fuel subsidy program faces scrutiny over its high cost and perceived inefficiency, with the article discussing the differing public perceptions of subsidies for households versus corporate incentives.
- Malaysia's fuel subsidy program allows eligible citizens to buy RON95 at RM1.99 per litre, while the unsubsidized price is RM3.92.
- Fuel subsidies cost the government approximately RM1,700 per second, raising concerns about fiscal sustainability.
- The article highlights a disparity in how government support for households versus corporations is perceived, with subsidies seen as costs and incentives as investments.
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