Targeted subsidies when economic situation permits - Zafrul

The decision to introduce targeted subsidies will only be made when the economic situation permits after the rate of inflation can be properly controlled, Finance Minister Tengku Zafrul Abdul Aziz said.

He said it was too early to make a decision to introduce targeted subsidies in the forthcoming Budget 2023 as it would be inappropriate to do so in a high global inflation environment.

“At the same time, we also need to...