Will current aid programmes like STR and SARA be affected by high petroleum costs?

Question

Accepted Answer

No Reduction Planned for Existing Subsidies Amidst High Petroleum Costs

The government has affirmed that existing aid programmes, including Sumbangan Tunai Rahmah (STR) and Sumbangan Asas Rahmah (SARA), will not be reduced despite the projected significant expenditure on petroleum product subsidies. This commitment to maintaining current assistance levels aims to shield the populace from the financial impact of global market fluctuations.
Continued Support for Welfare Programmes

The government's current policy is to sustain all forms of assistance presently provided to the people. This includes crucial cash aid schemes such as Sumbangan Tunai Rahmah (STR) and Sumbangan Asas Rahmah (SARA). These programmes are integral to the government's strategy of providing a social safety net, and their continuity is assured.
Impact of West Asia Conflict on Petroleum Subsidies

This year, the government is anticipating bearing approximately RM40 billion in petroleum product subsidies. This elevated cost is largely attributed to the ongoing conflict in West Asia, which has contributed to increased global oil prices. Despite these substantial subsidy outlays, the government is committed to not cutting existing aid.
Budi Madani Programme's Role in Price Stabilisation

The Budi Madani RON95 (BUDI95) programme, operational since September of the previous year, has been instrumental in insulating citizens from the effects of rising world oil prices. This initiative has ensured that consumers pay a fixed rate of RM1.99 per litre for RON95 petrol, even when the actual market price surged to as high as RM5 per litre in March and April. This effectively stabilised fuel costs for eligible recipients during periods of global price volatility.
Ensuring Fuel Price Stability and Supply

Despite facing considerable uncertainties in the global market, the government has successfully maintained stability in petrol prices and ensured a consistent supply of fuel. The continued availability of fuel, evidenced by ongoing queues at petrol stations, highlights the effectiveness of the government's management strategies, particularly through initiatives like BUDI95.

Reading history

Hide →

This history is cleared when the page is closed.

Will current aid programmes like STR and SARA be affected by high petroleum costs?

Loading

Was this article helpful?

Helpful

Not helpful

Report an issue

1

0

0

Share with friends