Based on the report by the National Action Council on Cost of Living on Tuesday, we decided that the earlier proposal to increase the electricity tar… - Anwar Ibrahim

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Based on the report by the National Action Council on Cost of Living on Tuesday, we decided that the earlier proposal to increase the electricity tariff will not proceed as this will burden the rakyat (citizens). We acknowledged that if nothing is done, there will be a negative impact on government finance which is quite high, exceeding some RM30 billion next year. So, only multinational companies and large companies that export products will be charged.

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About Anwar Ibrahim

Datuk Seri Anwar Ibrahim (born 10 August 1947) is a Malaysian politician and has been the Prime Minister and Minister of Finance since 2022. He is the founder and leading figure of the People's Justice Party. He was also the Minister of Finance (1991– 1998), Minister of Education (1986–1991), Minister of Agriculture (1984–1986) and Minister of Culture, Youth and Sports (1983–1984).

Also Known As

Native Name: Dato’ Seri Anwar bin Ibrahim
Alternative Names: Anwar bin Ibrahim
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Additional quotes by Anwar Ibrahim

The state and federal machinery should negotiate properly because we are under economic constraints. The national debt (of Malaysia) is estimated to be at RM1.2 trillion and the revenue is getting smaller, while the spending capacity is very limited.
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