RM45mil monthly savings since egg subsidy slashed, says minister

RM45mil monthly savings since egg subsidy slashed, says minister

Agriculture and food security minister Mohamad Sabu says the subsidy cut will result in total savings of up to RM135 million by the end of the month.

Egg subsidy reduction to save govt RM135 mln over three months

KUALA LUMPUR, July 22 — The reduction in egg subsidies from 10 sen to five sen per egg, which took effect on May 1, is expected to save the government RM135 million over a three-month period, ahead of the full removal of price controls on August 1. Agriculture and Food Security (KPKM) Minister Datuk Seri Mohamad Sabu said the move helps reduce government spending by RM45 million each month. He said egg supply is currently stable and prices in th…