KUALA LUMPUR: The government will implement a new fuel subsidy scheme in May 2010 and it expects savings of up to RM2 billion.
Second Finance Minister, Datuk Seri Ahmad Husni Hanadzlah said on Tuesday, Dec 1 the new system, which will include the usage of myKad for purchase of fuel,should be finalised by April and implemented by next May.
He said the government spends RM8000 per capita annually on numerous subsidies.
"Not only this places a huge weight on our operating expenditure but it also creates distortions in our marketplace. We need to realign this," he said at the MIER national economic outlook conference.
Husni also said the government was confident of achieving 5% GDP growth next year given the few projects in the pipeline for the first quarter.
About Me
- Nuang
- Ibrahim bin Ramli@Nuang started his career with CIMB Wealth Advisors Berhad as Agency Manager in April, 2008.Previously he was an Internal Auditors and Accounts Executive with Perodua Sales Sdn Bhd since 17 August, 1994. His background:- 1.Certified of Achievement for Master Sales Leadership from Dr Lawrence Walter Ng of President of The Art Of Learning and International Of Learning Without Learning 2.Certified for eXtra Ordinary Performance of Lawrence Walter Award Certificate for One Million Ringgit Club 2007 3. Certified Life & General insurances 4. Conferred with Diploma in Business Studiess & Bachelor of Business Admin(Hons)Finance from UiTM, Terengganu Branch & Shah Alam respectively;
music
Create a playlist at MixPod.com
