Malaysia to Push Ahead With Long-Awaited Subsidy Cuts in 2024
- Government will focus on subsidies that aid the needy
- Fuel subsidies make up the bulk of what it spends on handouts
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Malaysia will cut petrol subsidies this year as it seeks to narrow its fiscal deficit, according to the country’s economy minister.
The government is on track to focus its handouts on helping the needy, Rafizi Ramli said on Tuesday.