Govt to save RM4.1 billion through targeted electricity subsidy

THE government will save RM4.1 billion through the implementation of targeted electricity subsidy for half a year in 2023, the Dewan Negara was told today.

Deputy Finance Minister Steven Sim said the actual cost of the subsidy to maintain the current electricity tariff, if fully implemented, would reach RM14.9 billion, but with targeted subsidy, it would only be RM10.8 billion.