KUALA LUMPUR (Nikkei Markets) -- Malaysia on Monday announced a long-delayed targeted fuel subsidy program in a move that economists said will shrink its hefty social assistance bill and demonstrate its commitment towards fiscal consolidation.
Nikkei Markets
Malaysia to roll out targeted fuel subsidy from January
Move to help cut welfare spending reflects government's fiscal rigor
Malaysia is looking to reign in fuel subsidy spending after allocating 3 billion ringgit in June last year toward the measure. © Reuters
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