Syed Saddiq forces a Gov’t U-Turn on T15 as PM now targets T10 instead

The Malaysian government is reconsidering its subsidy policy, signaling a potential shift from excluding the top 15% (T15) income earners to targeting only the top 10% (T10) for subsidy cuts. Prime Minister Anwar Ibrahim clarified that the T15 threshold, initially set at RM12,000 monthly, might be adjusted or raised to RM15,000 or RM18,000 if deemed too low. This change represents a U-turn in the government’s subsidy approach, aiming to ensure that subsidy cuts do not burden lower-income households. Economy Minister Rafizi Ramli stated that this revised plan considers both income and spending factors for better fiscal reform. Syed Saddiq led a tough campaign against the budget announcement that T15 will be targeted in the rationalised subsidy plans.

U-Turn

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