Malaysia’s govt undecided on fuel subsidy plans
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The government, which has promised to stabilise the fuel prices and reintroduce fuel subsidies to targeted groups in its manifesto, has yet to make decision on its fuel subsidy plans.
“We are still drafting it. We have not come up to a number yet, and whether there is a decrease or increase (in fuel subsidy) we will see when we table it in the parliament,” Minister of Entrepreneur Development Mohd Redzuan Md Yusof said.
“We are still trying to make estimates to what impact it (the subsidy plans) has to the economy of the country,” he added.
On Budget 2019, Mohd Redzuan said the government is trying its best to come up with a fair and balanced budget, noting there will be an increase in the development expenditure.
Questions & Answers
Q.What is the current status of the government's promised fuel subsidy plans?
What is the current status of the government's promised fuel subsidy plans?
The government has not yet made a decision on its fuel subsidy plans. Ministers are still drafting the proposals and estimating their economic impact, before tabling them in parliament to determine if subsidies will increase or decrease.
Q.Who is currently involved in drafting the fuel subsidy plans?
Who is currently involved in drafting the fuel subsidy plans?
The Minister of Entrepreneur Development, Mohd Redzuan Md Yusof, confirmed that they are still drafting the plans. He did not specify other individuals or departments involved in this process, only referring to the collective 'we'.
Q.What is the government's aim regarding the upcoming budget?
What is the government's aim regarding the upcoming budget?
The government is striving to produce a fair and balanced budget for 2019. It has been indicated that there will be an increase in the development expenditure within this budget, according to Minister Mohd Redzuan Md Yusof.
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