KUALA LUMPUR -- Malaysia is phasing out gas and diesel subsidies as inflation eases, working to reduce expenditures that ballooned during the coronavirus pandemic and rebuild government finances.
Politics
Malaysia to reduce fuel subsidies as inflation weakens
Government turns to tackling deficit after pandemic spending
Traffic in Kuala Lumpur. Subsidies made up 25% of Malaysia's 2023 budget, with about three-quarters devoted to fuel subsidies. (Photo by Hiroki Endo)
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