The government’s targeted subsidy policy, as clarified by Domestic Trade and Costs of Living Minister Datuk Armizan Ali, does not imply a total withdrawal of subsidies. Rather, it entails a reformation in the way subsidies and social aid are provided to the people. The Federal Government remains steadfast in its commitment to ensuring that essential support reaches those who truly need it.
Speaking in Kota Kinabalu, Datuk Armizan Ali emphasized that the objective of the targeted subsidy policy is to enhance the effectiveness and efficiency of subsidy programs while concurrently addressing issues of leakages and misallocation of resources. By implementing this policy, the government aims to optimize the impact of subsidies and ensure they reach deserving recipients, leaving no room for misuse or wastage.
Under the new approach, subsidies and social aid will be channeled to specific groups or individuals with genuine needs, based on transparent criteria and rigorous assessments. This strategic shift will allow the government to allocate resources more effectively and maximize their positive impact on the intended beneficiaries.
Datuk Armizan Ali further highlighted the importance of constant evaluation and monitoring to ensure that the subsidy system remains responsive to changing circumstances and socio-economic dynamics. As part of this process, the government will regularly review the eligibility criteria to ascertain that they accurately reflect the current needs of the target population groups.
The Domestic Trade and Costs of Living Minister also emphasized that the government will continue to engage in comprehensive consultations with relevant stakeholders to ensure inclusivity and fairness throughout the implementation of the targeted subsidy policy. By actively seeking input from various sectors of society, the government aims to gather diverse perspectives and insights that will contribute to the refinement and improvement of the subsidy framework.
While acknowledging that change can create uncertainties, Datuk Armizan Ali reassured the public that the government remains dedicated to providing necessary assistance to those genuinely in need. The targeted subsidy policy aims to foster a more equitable distribution of resources and strengthen social safety nets, ultimately fostering sustainable and inclusive economic growth.
In conclusion, the government’s targeted subsidy policy signifies a transformation in the way subsidies and social aid are allocated. By streamlining the process and ensuring that resources reach their intended recipients, the government aims to enhance the overall effectiveness of these programs. Through careful evaluation, continuous monitoring, and inclusive consultations, the government is committed to adapting and refining the subsidy framework to meet the evolving needs of the people, thus reinforcing its pledge to support those who require assistance the most.
