World Bank recommends gradual move towards targeted subsidies for M’sia | TheStarTV.com

World Bank recommends gradual move towards targeted subsidies for M’sia

Published on 3 Feb 2023 7:02:53 PM

The World Bank has recommended that the Malaysian government phases out blanket and broad-based subsidies in favor of a targeted subsidy framework.

Asked to comment on government spending on Friday (Feb 3), World Bank Group's lead economist for Malaysia Dr Apurva Sanghi suggested that there should be a gradual shift to targeted subsidies to avoid a sharp rise in inflation.

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Keywords
world bank group, malaysia, apurva sanghi, malaysia economic monitor, government, news, business news, blanket subsidy, broad-based subsidy, targeted subsidy, government spending, inflation

The World Bank has recommended that the Malaysian government phases out blanket and broad-based subsidies in favor of a targeted subsidy framework.

Asked to comment on government spending on Friday (Feb 3), World Bank Group's lead economist for Malaysia Dr Apurva Sanghi suggested that there should be a gradual shift to targeted subsidies to avoid a sharp rise in inflation.

Read more at https://bit.ly/3RsNpVi

WATCH MORE: https://thestartv.com/c/news
SUBSCRIBE: https://cutt.ly/TheStar
LIKE: https://fb.com/TheStarOnlin

Keywords:
world bank group, malaysia, apurva sanghi, malaysia economic monitor, government, news, business news, blanket subsidy, broad-based subsidy, targeted subsidy, government spending, inflation

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