Consider the pros and cons of fuel subsidies carefully

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'As the climate crisis continues to bite on the world economy, experts view subsidising fossil fuels as counterproductive to the world’s net zero carbon emission aspirations.' - Prof Datuk Dr Ahmad Ibrahim

THERE is now active discourse on subsidies in both social and mainstream media, and questions abound about whether they are good or bad for the economy.

Whatever the differing views, most agree that subsidies are a burden on the economy. There is no denying that subsidies form a major ticket item in government spending as a major chunk of the annual budget is allocated for them.Get 30% off and stand a chance to win a luxury stay with our ads free Premium Plan

 

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