World Bank recommends gradual move towards targeted subsidies for M’sia
By : The Star
Published On: 2023-02-03
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06:41
The World Bank has recommended that the Malaysian government phases out blanket and broad-based subsidies in favor of a targeted subsidy framework.
Asked to comment on government spending on Friday (Feb 3), World Bank Group's lead economist for Malaysia Dr Apurva Sanghi suggested that there should be a gradual shift to targeted subsidies to avoid a sharp rise in inflation.
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