How other countries are subsidising their way out of inflation

Soh Lian Seng, head of tax at KPMG in Malaysia, however, points out that in some markets the subsidies are actually decreasing as governments become aware of not busting their budget deficits too much.

AT first, governments around the world had sought to fight off the effects of the Covid-19 pandemic by throwing a lifeline to those mostly affected such as the lower-income groups. But then came a bigger challenge –rising inflation, putting an already stressed populace in a difficult position to afford necessities. So more money is being spent on subsidies.

From Singapore to Thailand, the United Kingdom to the United States, there is some form of help being given to the public to help them face rising inflation. But at what expense?