KUALA LUMPUR: The government has allocated RM15.9bil for petrol and diesel subsidies this year to control the price and reduce burden on the people.
Deputy Finance Minister Datuk Donald Lim Siang Chai told Parliament that spending on the subsidies last year amounted to RM9.6bil.
(http://thestar.com.my/news/story.asp?file=/2011/11/1/nation/20111101135544&sec=nation)
He said the government, while concerned with the people's welfare, had to address its financial capability in giving the subsidies.
"As such, the subsidies must be distributed carefully to ensure that only those in need benefit from them," he added.
Restructuring of petrol and diesel subsidies which saw reduction of RM0.05 per litre twice last year saved more than RM1.7bil in subsidies.
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