Budget 2014: Sugar subsidy abolished tomorrow

PETALING JAYA: The government will abolish the sugar subsidy of RM0.34 starting Saturday.   

Prime Minister Datuk Seri Najib Tun Razak announced this while tabling Budget 2014.

He said the abolition of the subsidy was because of the high diabetic rate among Malaysians under the age of 30.

“Statistics indicate that 2.6 million Malaysians under the age of 30 are diabetic. If left untreated, patients will face various complications such as heart disease, kidney failure, blindness and amputation,” he said.

Sugar costs RM2.50 per kg and with the abolition of the subsidy, it will cost RM2.84.