Gov't to spend over RM14bil subsidies this year
Published: Feb 27, 2011 3:56 PM | Updated: Feb 27, 2011 3:57 PM
The government is expected to spend over RM14bil on subsidies of essential goods including petrol and diesel this year.
The government is expected to spend over RM14bil on subsidies of essential goods including petrol and diesel this year.
Domestic Trade, Cooperatives and Consumerism Minister Ismail Sabri Yaakob said this is due to increase in the global price of goods and oil products.
"Last year the government spent RM10.3bil on subsidies for the people," he told reporters after meeting voters in Kerdau near Temerloh today.
Ismail said the government has no plan to abolish subsidies in the near future.
"Any reduction of subsidies must take into account the impact on the people although it is a burden to the government.
"Subsidies are not only given during elections as the Barisan Nasional government has been giving them for a long time."
- Bernama
Domestic Trade, Cooperatives and Consumerism Minister Ismail Sabri Yaakob said this is due to increase in the global price of goods and oil products.
"Last year the government spent RM10.3bil on subsidies for the people," he told reporters after meeting voters in Kerdau near Temerloh today.
Ismail said the government has no plan to abolish subsidies in the near future.
"Any reduction of subsidies must take into account the impact on the people although it is a burden to the government.
"Subsidies are not only given during elections as the Barisan Nasional government has been giving them for a long time."
- Bernama
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