Deputy Finance Minister Liew Chin Tong clarified that he never announced a new 150-litre monthly limit for BUDI95 fuel. He stated his comments were taken out of context and that no such policy has been finalised.

Liew apologised for the confusion caused by reports on potential subsidy cuts. While data shows 80% of recipients use under 200 litres monthly, the government has not yet decided on any reduction to the current quota.

Economists suggest excluding T20 individuals from BUDI95 to save approximately RM1.5 billion monthly. Public debates continue as some taxpayers object to their contributions funding subsidies they cannot access.

1. How are B40, M40, and T20 income groups categorised?

These groups are defined by household income percentiles determined by the Department of Statistics Malaysia, with T20 representing the top 20% of earners.

2. Are there actual plans to exclude T20 from subsidies now?

While analysts advocate for T20 exclusion to save RM1.5 billion monthly, the government has not yet finalised a formal policy for their total removal.

3. Would an end to regional conflicts affect the BUDI95 quota?

If geopolitical tensions like the Iran conflict ease, global oil prices may stabilise, potentially reducing fiscal pressure on the government's subsidy expenditure.

- Generated by AI