The World Bank has recommended that the Malaysian government phases out blanket and broad-based subsidies in favor of a targeted subsidy framework.<br /><br />Asked to comment on government spending on Friday (Feb 3), World Bank Group's lead economist for Malaysia Dr Apurva Sanghi suggested that there should be a gradual shift to targeted subsidies to avoid a sharp rise in inflation.<br /><br />Read more at https://bit.ly/3RsNpVi<br /><br />WATCH MORE: https://thestartv.com/c/news<br />SUBSCRIBE: https://cutt.ly/TheStar<br />LIKE: https://fb.com/TheStarOnlin
