Malaysia to implement targeted subsidies programme in 2024

  • 📰 paultan
  • ⏱ Reading Time:
  • 22 sec. here
  • 7 min. at publisher
  • 📊 Quality Score:
  • News: 29%
  • Publisher: 51%

Economy News

Malaysia,Targeted Subsidies,Income

Malaysia's Deputy Finance Minister, Rafizi Ramli, has announced that the country will implement a targeted subsidies programme in 2024. The programme will be based on individual and household income, and will be implemented through various mechanisms including subsidies cards.

Rafizi was responding to a question posted to him in the Dewan Rakyat on the engagement with stakeholders on targeted subsidies in 2024 and the type of targeted subsidies to be implemented. The first mechanism will be based on individual net disposable income, which is the amount left over after taxes. Meanwhile, the second mechanism will be based on net disposable household income through social protection or assistance schemes.

The third mechanism will be a combination of household and individual earnings, which will be implemented using a subsidies card. Rafizi pointed out that the targeted subsidies programme is expected to be implemented after theand follow-up plans. These include communication, engagement and support plans to alleviate the burden of the people which will be coordinated by the entire government machinery,” he sai

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 22. in FİNANCE

Finance Finance Latest News, Finance Finance Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Concerns about potential headwinds in Southeast Asia's economy in 2024Oxford Economics research commissioned by ICAEW reveals concerns about potential headwinds in Southeast Asia's economy in 2024, including slow global growth, declining tourism, and soft export earnings.
Source: DNewsAsia - 🏆 23. / 51 Read more »