PETALING JAYA: There is no need for more targeted subsidy schemes if Malaysia can roll out a Universal Basic Income scheme, says an economist.
Malaysia University of Science and Technology economics professor Geoffrey Williams said the government can look into providing a monthly Universal Basic Income scheme to help Malaysians in need.
“There’s no other targeted subsidies that should be introduced apart from electricity prices and tiered prices for petrol.“However, the government can provide targeted social assistance to make the cost of living more affordable,” he added.Prof Williams said the previous assistance scheme (Sumbangan Tunai Rahmah), which was paid out on […]
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