The Malaysian government will continue to provide subsidies for school buses and public transportation, despite the implementation of targeted subsidies for diesel. Deputy Finance Minister Datuk Seri Ahmad Maslan stated that the government aims to prevent an increase in bus fares.
Diesel subsidy program
The program for targeted electricity subsidies was implemented in January, saving the government RM4.1 billion. The targeted diesel subsidy program is expected to be completed by the second quarter of this year, while targeted petrol subsidies are still under study.
Ahmad explained that the government could save up to RM17 billion if targeted subsidies were only implemented for the B40 and M40 groups for fuel subsidies, as 32% of petrol, diesel, and gas subsidies were used by the T20 group last year.
In other news, Ahmad inaugurated the Public Sector Housing Financing Board (LPPSA) customer charter and launched the e-counter, which will allow civil servants to apply for housing loans without visiting the building. To date, LPPSA has provided services to 776,000 civil servants, with a total loan amount of around RM100 billion.