17 Jun - 2 min read
Minister in the Prime Minister’s Department (Economy), Datuk Seri Mustapa Mohamed has said that the Finance Ministry is studying ways on how the government can further provide additional aid to the Malaysian public amidst the ongoing nation-wide full lockdown (FMCO).
According to the minister, the government is aware that some people were expecting the announcement of an additional stimulus package following the reveal of the National Recovery Plan earlier this week. “The government quite understands the pulse of the people. Assistance is still there because not all allocations announced previously have been spent,” he said.
Datuk Seri Mustapa noted that the government had earmarked a total of RM380 billion to be distributed to the people through various economic stimulus packages – which is equivalent to 28% of the country’s gross domestic product (GDP). Of the amount, RM200 billion had been spent, with RM180 billion remaining. He also commented that Prime Minister Tan Sri Muhyiddin Yassin has already instructed the Finance Minister, Tengku Datuk Seri Zafrul Abdul Aziz, to find ways so that the government can continue to provide aid to the people.
To date, the Malaysian government has introduced more than five stimulus packages to help keep the country’s economy and people afloat. These include the PRIHATIN economic stimulus package, PENJANA economic recovery plan, PERMAI stimulus package, and more recently, the PEMERKASA and PEMERKASA+ economic stimulus packages.
(Source: The Sun Daily)
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