Move away from giving fuel subsidy: Jomo

Isn’t this a rerun of previous rhetoric?

Dateline 2019-10-08, NST:

The government has been urged to consider not giving fuel subsidy but rather encouraging more use of renewable energy.

Economist and former Council of Eminent Persons member Dr Jomo Kwame Sundaram said fuel subsidies were major distortion in markets.

“The government has been trying to reduce this subsidy. Fuel subsidies in all countries are basically benefit middle class rather than the low income group,” Jomo said on the sidelines of the Khazanah Megatrends Forum 2019 here today.

He said the government should rethink who benefit the most before subsidising the rakyat.

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