Recovery of RM15 billion lost revenue helps sustain subsidies, says Anwar

Recovery of RM15 billion lost revenue helps sustain subsidies, says Anwar

The people, including those in the villages and Felda settlements, need to know how the leaked money, lost at the hands of certain people, was recovered, says the prime minister.

Prime Minister Anwar Ibrahim meeting residents of the Felda settlement in Semenchu, Johor today. (Bernama pic)
KOTA TINGGI:
The recovery of RM15.5 billion in lost national revenue through leakages in the past two years has been helpful in sustaining government subsidies for the people in the face of the global energy crisis, Prime Minister Anwar Ibrahim said.

He said strict enforcement by the Inland Revenue Board and the Malaysian Anti-Corruption Commission has enabled the government to recover the money to be channelled back to the people in need.

“In the past two years, we have collected the money that was lost; the people, including those in the villages and Felda settlements, need to know how the leaked money lost in the hands of certain people was recovered.

“We have to stop this,” he said, referring to revenue leakages. “That’s why we have to use political and social power to think how to defend the people’s fate,” he said when speaking at an event at Felda Semenchu.

Anwar said petrol and diesel subsidies and related assistance cost the government nearly RM6 billion a month, and the amount could increase if the global energy crisis continues.

At the event, the prime minister announced an allocation of RM500,000 for improvements to schools, mosques and infrastructure in Felda Semenchu.

Stay current - Follow FMT on WhatsApp, Google news and Telegram

Subscribe to our newsletter and get news delivered to your mailbox.