Malaysian PM to use targeted subsidies to tackle high cost of living

– Malaysian Prime Minister Anwar Ibrahim announced on Sunday that his government will review the use of subsidies to better help those most in need.

The previous approach of extensive subsidies has not been able to effectively address cost of living issues, especially among poor and low-income Malaysians, he told a news conference after chairing a special meeting of the national action council on the cost of living with the government. departments and agencies.

“I will give (the relevant bodies) two weeks to assess all the implications of the specific subsidies and discuss with the private sector and investors, so that all involved understand that the purpose of the subsidies is to ease the burden of the poor. ” he said.

Anwar said that while he is not against the use of subsidies, they must be implemented effectively to help those who need them most.

In another matter, Anwar said he will not continue the past practice of using ministerial appointments to reward political supporters, but will instead ensure a smaller cabinet made up of well-qualified people who will be able to implement his policies effectively.

“I want ministers who support me based on my policies and who are also committed to good governance, the fight against corruption and economic recovery,” he said.

Anwar was sworn in on November 24 and has yet to form his cabinet, with discussions ongoing between his Pakatan Harapan coalition and several other political blocs that make up his unity government. ■

(Xinhua)