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Prime Minister Datuk Seri Anwar Ibrahim has announced six targeted measures to alleviate cost-of-living pressures on Malaysians, taking effect from September 1. The initiatives span fuel subsidies, education, healthcare technology, and financial inclusion.
Prime Minister Anwar Ibrahim has disclosed that the Malaysian government spends RM40 billion to RM45 billion annually on subsidies to shield citizens from escalating fuel prices and related costs.
Prime Minister Anwar Ibrahim says Malaysia is spending up to RM50 billion annually to shield consumers from rising global crude prices, keeping RON95 petrol fixed at RM1.99 per litre.
Malaysia faces potential monthly fuel subsidy costs of RM3.5 billion if crude oil prices hold around US$90 per barrel, though the government insists its fiscal position remains resilient.
Prime Minister Anwar Ibrahim has defended Malaysia's fuel pricing approach as fiscally responsible, warning that abandoning subsidies could saddle the nation with excessive debt and harm ordinary Malaysians.
Malaysia's work-from-home policy for federal civil servants has delivered substantial fiscal benefits, conserving over 4 million litres of fuel and trimming subsidy costs by RM7.31 million in just three months.
The Malaysian government plans to refine its targeted fuel subsidy programme in Sabah and Sarawak after consulting with grassroots communities. The BUDI Diesel initiative, launched nationwide on July 1, provides eligible private vehicle owners with subsidised fuel at RM2.10 per litre.