KUALA LUMPUR, Oct 20 – The government is still studying the data and will ensure subsidies on petrol, health and education help the right groups, said Finance Minister II Datuk Seri Amir Hamzah Azizan.
He said the withdrawal of subsidy for RON 95 for the T15 and foreigners is part of the government’s broader effort to ensure that subsidies are better targeted at the groups that truly need them.
“I think the most important thing is, whatever we do in the government, it’s important to go through the data very well and make sure it’s really focused on the right groups.
“There’s still a lot of work ongoing, so I don’t think we should be speculating on what the threshold is and so on,“ he told reporters after attending the Royal Gala Dinner celebrating the 120th anniversary of the St John’s Institution on Saturday night.
He said the specifics of the withdrawal such as the income threshold and the mechanism for implementation are still under discussion.
“… in terms of the threshold rates and the mechanism, we’ll be announcing next year,“ he added.
