Gov’t mulls using cash transfer for targeted subsidies

As everyone apt knows, the authorities has agelong talked astir phasing retired the existent broad subsidy strategy successful spot of targeted substance subsidies. While determination was nary circumstantial notation of it successful the tabling of Budget 2024 past week, it has antecedently been suggested that the authorities was expecting to instrumentality its targeted subsidy programme early adjacent year.

Whether this remains connected way has yet to beryllium confirmed, but the speech astir a mechanics for it continues. Prime curate Datuk Seri Anwar Ibrahim says that the authorities is considering providing subsidies to the radical done currency transfer. This, helium told the Dewan Rakyat, would assistance forestall leakage, arsenic Bernama reports.

“This (cash transfer) attack has been considered successful respective issues, and we volition denote this much extensively later,” helium said during the minister’s question clip successful parliament yesterday. He said this successful reply to a question from Datuk Mohd Shahar Abdullah (BN-Paya Besar), who wanted to cognize whether the authorities is readying to supply subsidies straight to the rakyat done currency transfer.

However, Anwar, who is besides concern minister, said that the currency transportation would not beryllium implemented for each subsidies, but lone for circumstantial ones. He did not item which subsidies would impact currency transfers.

Malaysia has not revealed the mechanics it volition usage to dispense targeted subsidies. Last month, lawman concern curate Steven Sim said the authorities is exploring assorted mechanisms, including using the MySejahtera application for the purpose. Aside from currency transfer, the elements being studied besides see a paper system.

The upcoming Pangkalan Data Utama (PADU) socio-economic database volition assistance find who gets subsidies, and who volition not. Previously, it was reported that the authorities would begin its targeted substance subsidy with diesel, and this was reiterated successful Budget 2024, with the announcement that diesel subsidies would beryllium rationalised successful phases.

The station Gov’t mulls utilizing currency transportation for targeted subsidies appeared archetypal connected Paul Tan's Automotive News.