Endowment fund a long-term alternative to subsidies, says economist

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,Low-income groups are still feeling the pinch despite the government spending RM77 billion in subsidies on food and fuel, among other things, to keep prices down. – The Malaysian Insight pic by Seth Akmal, July 4, 2022.

AN endowment programme can be a long-term solution to address Malaysia’s ballooning subsidies, which could cost taxpayers close to RM80 billion this year, an economist has suggested.

Barjoyai Bardai of Universiti Tun Abdul Razak said the government could demand large conglomerates and the super-wealthy in Malaysia to contribute to the funding scheme.

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