Formulation Of Targeted Subsidy Mechanism For Petrol Is Complicated - PM Anwar

As a result, Anwar stated that the government is considering several working papers and proposals concerning the mechanism in order to ensure more effective and timely implementation.

Anwar also added that the goal of implementing targeted subsidies is to ensure that only deserving individuals benefit from them. "Unlike electricity subsidies, we know the houses and factories, so it's okay," he said after a meet-and-greet at the Madani Hawkers Centre on Jalan Tuanku Abdul Rahman in Kuala Lumpur.

Prior to this, the prime minister reportedly stated that it was unreasonable for the government to continue providing subsidies to the T20 group, such as the cost of performing haj and electricity.

He stated that this was due to the fact that at least 40% of the government's subsidies for the poor were also enjoyed by the aforementioned group.

Last month, Deputy Finance Minister Ahmad Maslan stated that the establishment of mechanisms for targeted subsidies is already 75% complete, and that the results of discussions involving various committees on these mechanisms will be presented to the Cabinet before any further decisions are made.