MADANI Govt Allocates RM11 Bln For BUDI95 Fuel Subsidy - MoF

PUTRAJAYA, Sept 23 (Bernama) — The MADANI government will allocate approximately RM11 billion to cover the difference between the subsidised price of RM1.99 per litre and the unsubsidised pump price of around RM2.60 per litre under the BUDI MADANI RON95 (BUDI95) fuel subsidy initiative.

Malaysia On Track To Meet Deficit Target As BUDI95 Subsidy Saves Up To RM4 Bln

SHAH ALAM, Sept 23 (Bernama) – Malaysia remains on track to meet this year’s budget deficit target of 3.8 per cent of gross domestic product (GDP) with the rollout of the BUDI MADANI RON95 (BUDI95) targeted subsidy programme, said Finance Minister II Datuk Seri Amir Hamzah Azizan.

Targeted RON95 Subsidies A Landmark To Narrow Fiscal Deficit, Strengthen Debt -- Economist

By Danni Haizal Danial Donald

KUALA LUMPUR, Sept 22 (Bernama) -- The rationalisation of RON95 subsidies marks a landmark in Malaysia’s structural reform journey, with the reduction in subsidy expenditure expected to help narrow the fiscal deficit and improve the government’s debt dynamics, said an economist.

RON95 Subsidy Rationalisation Expected To Strengthen Fiscal Position – Economists

PUTRAJAYA, Sept 22 (Bernama) -- The government’s decision to lower the price of RON95 petrol to RM1.99 per litre through targeted subsidies is expected to bolster Malaysia’s fiscal position while ensuring assistance reaches the rakyat, economists say.