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B40 To Get Financial Aid From Domestic Trade And Cost of Living Ministry Under 2023 Budget?

Domestic Trade and Cost of Living Ministry has submitted proposals to the Ministry of Finance (MoF) for grants to help the B40 low-income group.

Its minister Datuk Seri Salahuddin Ayub said he was hopeful that the MoF would consider providing the grants in the upcoming 2023 Budget.

He said the government was prioritising measures to lessen the burden of the B40 group, adding that Prime Minister Datuk Seri Anwar Ibrahim had made this a national agenda under the “Payung Rahmah” initiative.

“We target to help the hardcore poor and will prioritise this group,” Salahuddin said after the opening of the first Paris Baguette outlet in Malaysia at Pavilion KL today.

Payment under the first phase of STR kicked off on Tuesday. The phase involved a total amount of RM1.67 billion to 8.7 million recipients.

“The mechanism has been implemented for too long and I think it is time for the government to lift the price ceiling. We are waiting for Cabinet to decide on the matter,” he said.

The Federation of Malaysian Retailers Association recently urged the government to reevaluate the price control mechanism.

The association deemed the mechanism to be out of date, saying it had led to the short supply of controlled goods such as eggs, sugar and cooking oil in the market. – NST ONLINE

BacalahMalaysia Team

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