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Malaysia's fuel subsidies could balloon to RM3.5 billion monthly if crude oil holds at US$90 per barrel, though the government insists fiscal position remains resilient with offsetting petroleum revenues.
Prime Minister Datuk Seri Anwar Ibrahim has reiterated the MADANI Government's dedication to enhancing educator welfare and strengthening Malaysia's education system as fundamental drivers of national development.
Malaysia's Finance Ministry has dismissed allegations of misuse in the Asset Recovery Trust Account, confirming funds are being deployed strictly according to approved Trust Directive to repay 1MDB and SRC International debts alongside operational expenses.
Malaysia's fiscal deficit is projected to reach 3.6% of GDP in 2026, only slightly above the government's 3.5% target, despite allocating an extra RM25 billion for fuel subsidies to maintain RON95 petrol prices at RM1.99 per litre.
The Dewan Rakyat has given parliamentary approval to redirect RM14.5 billion from Malaysian Government Investment Issues proceeds to the Development Fund, part of a broader RM95 billion issuance strategy.
Malaysia is investing RM25.2 million to install 3,000 solar-powered LED street lights at 32 accident-prone highway locations nationwide, targeting completion by November 2024.
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Prime Minister Anwar Ibrahim asserts that Johor has received RM16 billion in federal allocations, surpassing its tax contributions to the central government, during a visit to Tangkak.