He said the government is also studying the implications of the potential increase in the cost of goods with the implementation of SKDS.
"The government will offer a different approach to small and medium enterprises to ensure that this sector is not affected by its implementation.
He was responding to a supplementary question from Khoo Poay Tiong who wanted to know the rationale for implementing the initiative and the mitigation steps to assist affected sectors. The objective is to balance the burden of subsidies with the need to preserve the welfare and well-being of the people, he said.
Ahmad Maslan said that a special team has been established under the Finance Ministry to collaborate with the relevant ministries, departments, and agencies to study the need and feasibility of targeted subsidies and identify effective methods that can save time and have the least financial impact on the government.
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