Business

World Bank recommends gradual move towards targeted subsidies for M’sia

Published on 3 Feb 2023 7:02:53 PM

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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