Time right to cut Asian subsidies: Moody’s

摘要

Singapore-With global oil prices down sharply and governments across Asia struggling to find funds to support their economies, the current period presents a good opportunity for policymakers across the region to reform oil subsidies, ratings agency Moody’s said January 5. Government fuel subsidies in India, Indonesia, Malaysia and China have come at the expense of human capital development and infrastructure, Moody’s said in a statement. While all governments acknowledge the need to eliminate fuel subsidies, only Malaysia and China have acted so far.