PUTRAJAYA, Sept 22 (Bernama) -- The implementation of the BUDI MADANI RON95 programme (BUDI95) demonstrates the government’s commitment to curbing billions of Ringgit in subsidy leakages each year, says Housing and Local Government Minister Nga Kor Ming.
He said the introduction of BUDI95 not only ensured that subsidies were enjoyed exclusively by Malaysian citizens but also closed the loophole that had allowed foreigners, who did not pay taxes to the country, to benefit.
“With BUDI95, government subsidies are now channelled accurately and fairly, specifically for Malaysian citizens,” he said in a statement today.
Nga said it also showed that the government continued to strike a balance between safeguarding the people’s welfare and maintaining the country’s fiscal discipline.
“This is the spirit of Malaysia MADANI, ensuring no one is left behind and that every sen spent truly benefits the people,” he said.
Earlier, Prime Minister Datuk Seri Anwar Ibrahim announced that the price of RON95 petrol would be reduced to RM1.99 per litre from RM2.05 per litre, effective Sept 30, through targeted subsidies under the BUDI95 programme.
Based on data from the Road Transport Department and the National Registration Department, more than 16 million Malaysians were expected to benefit from the programme.
-- BERNAMA
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