Government will maintain consumer subsidies for now

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THE government will continue the consumer subsidies currently in place at least in the short term, according to the minister in the department of Prime Minister (Economy) Mustapa Mohamed.

He said gasoline, cooking oil, electricity tariffs and other subsidies continue to drive down the cost of living for people.

As for the maintenance of these subsidies in the medium and long term, he said that it will be evaluated in detail to ensure that the government’s finances are not negatively affected.

“So far, we have done our best by providing consumer subsidies amounting to RM77.3 billion for 2022. This is the highest subsidy ever supported by the government. .

“It would be difficult for us to justify (such) a subsidy in the long term, (but) in the current situation, it has enabled the government to help the people,” he told reporters after attending a dialogue session on economic news. problems with industry and non-governmental organizations in Kota Baru today.

Mustapa, who is also a member of the special task force on the jihad against inflation, expressed the intention to give consumer associations the means to deal with rising prices of goods.

“The government will continue to help people deal with this problem. National and state level seminars will be held to educate consumers as we do not want merchants to take advantage by raising prices exorbitantly.

“Our hope is that through communication, people will have a better understanding of the current situation, and will know what the government has done and will do to curb rising property prices,” he added. – Bernama, July 1, 2022.

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