Government to study targeted diesel subsidy using Budi95 mechanism
The government had begun reviewing the best mechanism to move from cash transfers to a Budi95-style system in the distribution of the Budi Diesel Individu subsidy.
PUTRAJAYA – Prime Minister Datuk Seri Anwar Ibrahim instructs the Finance Ministry to immediately study the targeted diesel subsidy process using the same mechanism as Budi95.
Communications Minister Datuk Fahmi Fadzil said the Finance Ministry had also been asked to present details of the process either at the National Economic Action Council meeting next Tuesday or at the Cabinet meeting on Wednesday.
The Madani Government spokesperson said the government had begun reviewing the best mechanism to move from cash transfers to a Budi95-style system in the distribution of the Budi Diesel Individu subsidy.
"When the time comes, we expect this to benefit Malaysians, for example, those driving pickup trucks.
“The process will be simpler, more efficient and more effective, as seen in the implementation of Budi95,” he said.
He said this at a global energy crisis briefing and post-Cabinet press conference here today.
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