PUTRAJAYA, Oct 19 (Bernama) -- The government remains capable of managing Malaysia’s economy and maintaining financial assistance for the public despite rising global crude oil prices and cost-of-living pressures, Prime Minister Datuk Seri Anwar Ibrahim said.
General : Government Can Sustain Aid Despite Rising Oil Prices, Cost Of Living Pressures - Anwar
Anwar, Budget 2027, STR, SARA, subsidy, global cru
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Key points
- Anwar said Budget 2027 was formulated based on the country's economic position and the needs of its people, with the aim of ensuring that development benefits reached all segments of society.
- Anwar said the government was still capable of managing rising global crude oil prices while maintaining fuel subsidies to ease the burden on Malaysians.
- The Prime Minister said fuel subsidies were estimated to cost RM40 billion annually to keep RON95 petrol at RM1.99 per litre.
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- Bernama General : Government Can Sustain Aid Despite Rising Oil Prices, Cost Of Living Pressures - Anwar (this story)
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