Malaysia's PM announces 2025 RON95 fuel subsidy plan for 85% income earners, excluding top 15%, shifting RM8B to education, healthcare, transportation.
Malaysia's Prime Minister Anwar Ibrahim announced a targeted RON95 fuel subsidy plan set to launch in mid-2025, excluding the top 15% income earners. This change aims to save the government RM8 billion annually, allowing funds to be reallocated to education, healthcare, and transportation. The 2025 budget totals RM421 billion, with RM12 billion dedicated to subsidies for the remaining 85% of the population.
October 18, 2024
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