Malaysia to spend RM45 billion annually on fuel subsidies

The Malaysian government has confirmed its willingness to dedicate RM45 billion annually to sustain fuel subsidies as part of efforts to safeguard household purchasing power. Prime Minister Anwar Ibrahim outlined the commitment as a key policy priority, emphasizing the administration's focus on protecting vulnerable and moderate-income Malaysians from rising energy costs. The substantial allocation underscores the government's strategy to balance fiscal responsibilities with social welfare considerations in a challenging economic environment. Fuel subsidies have remained a contentious policy issue in Malaysia, with policymakers weighing the benefits of price controls against long-term budgetary sustainability. The government's reaffirmation of the subsidy programme signals its determination to maintain affordability for essential energy supplies across the country.