Implementing targeted subsidies for RON95 petrol by mid-2025 is crucial to reduce the country’s fiscal burden and ensure a fairer, more sustainable subsidy system. Treasury Secretary-General Johan Mahmood Merican emphasized the need for fiscal reforms to support economic growth.
Targeted RON95 Subsidies Crucial for Fiscal Health
The government aims to consistently reduce the deficit, targeting 3.8% by 2025. Targeted subsidies will prevent misuse by wealthy individuals and businesses. The government remains committed to ensuring the majority of citizens are not affected by these measures.
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