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PM: Targeted subsidy mechanism being formulated

PM: Targeted subsidy mechanism being formulated

KUALA LUMPUR: A suitable mechanism of action for the implementation of targeted subsidy is being formulated to ensure that the assistance provided by the government will be received by the deserving groups, Prime Minister Datuk Seri Ismail Sabri Yaakob.

He said various aspects of the mechanism needed to be fine-tuned so that the allocation set aside by the government to help the people of the country did not end up being arbitrarily enjoyed by irresponsible parties, including foreigners.

“Yes, the government has suffered a massive loss due to untargeted subsidies as all quarters were enjoying subsidies which are meant for a more deserving group, which is the poor,” he said during Question Time at the Dewan Rakyat sitting today.

He said this in reply to Datuk Seri Anwar Ibrahim (PH-Port Dickson) who wanted to know the government’s move in addressing the leakage of subsidies which currently being enjoyed by the rich and the foreigners.

The prime minister said that the matter also had been raised and studied by previous governments, but could not be implemented thus far. – Bernama