Targeted diesel subsidy: RM4b estimated savings to free up fiscal space

The estimated savings of RM4 billion from the targeted diesel subsidy implementation are expected to give the government a larger fiscal space to increase the quality of various important services for the people.

Finance Minister II Amir Hamzah Azizan said that in 2022, RM81 billion was spent for subsidies and social welfare support, and the amount fell to less than RM70 billion last year.

“Therefore, if we allocated RM307 billion in the budget for...