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A Review of Energy Subsidy Removals and Other Energy Policy Reforms: The Case of Malaysia

In: Institutional Policy and Economic Impacts of Energy Subsidies Removal in East Asia

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  • Han Phoumin

Abstract

Energy is heavily subsidized across the globe and energy subsidies exert an extensive economic burden on many countries, particularly on developing economies. The Government of Malaysia has a clear objective and rationale for removing inefficient fuel subsidies that do not reach the intended beneficiaries and benefit only richer groups. As such, the government has embarked in the right direction of energy reforms during the period of low oil prices since 2014. The phasing out of energy subsidies in Malaysia will have a positive effect as the country starts to see budget growth through the narrowing of government debt over time. It will also have multiple effects and benefits on the economy and welfare in Malaysia in the near future. To support the government carry out the fossil fuel reform effectively, this paper aims to provide policy recommendations to the government to ensure that the ongoing reform process will bring positive changes to the economy and the fossil fuel reform gains public support through a transparent process.

Suggested Citation

  • Han Phoumin, 2017. "A Review of Energy Subsidy Removals and Other Energy Policy Reforms: The Case of Malaysia," Chapters, in: Han Phoumin & Shigeru Kimura (ed.), Institutional Policy and Economic Impacts of Energy Subsidies Removal in East Asia, chapter 1, pages 1-14, Economic Research Institute for ASEAN and East Asia (ERIA).
    • Handle: RePEc:era:chaptr:2015-rpr-23-1
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    File URL: http://www.eria.org/RPR_FY2015_No.23_Chapter_1.pdf
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    References listed on IDEAS

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    1. Mr. David Coady & Mr. Taimur Baig & Mr. Joseph Ntamatungiro & Mr. Amine Mati, 2007. "Domestic Petroleum Product Prices and Subsidies: Recent Developments and Reform Strategies," IMF Working Papers 2007/071, International Monetary Fund.
    2. Shigeru Kimura & Han Phoumin, 2016. "Energy Outlook and Energy Saving Potential in East Asia 2016," Books, Economic Research Institute for ASEAN and East Asia (ERIA), number 2015-rpr-05 edited by Shigeru Kimura & Han Phoumin, July.
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