MOF: Govt expected to spend RM77.3b on subsidies, highest ever

The government’s projected expenditure of RM77.3 billion for consumption subsidies in 2022 so far is the highest subsidy in history ever borne by any government, said the Finance Ministry.

Finance Minister Tengku Zafrul Abdul Aziz said the projected consumption subsidies covered petrol, diesel, liquefied petroleum gas (RM37.3 billion), cooking oil (RM4 billion), flour, and electricity.

They also cover...