Economic stimulus packages to contribute 3.7-4.0% to 2020’s GDP - Tengku Zafrul

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KUALA LUMPUR: The RM10 billion PRIHATIN Supplementary Initiative Package (KITA PRIHATIN) is expected to have a positive impact on the nation’s economi...

The RM10 billion PRIHATIN Supplementary Initiative Package is expected to have a positive impact on the nation’s economic growth in the fourth quarter of 2020 .

On Wednesday, Prime Minister Tan Sri Muhyiddin Yassin announced the KITA PRIHATIN package, comprising the RM7 billion Bantuan Prihatin Nasional 2.0 , RM2.4 billion Targeted Wage Subsidy Programme and RM600 million Prihatin Special Grant . “Based on the recent economic recovery indicators, such as the reduction in the unemployment rate and the increase in the Industrial Production Index, Leading Index as well as the retail and recreation sectors, the government is confident that KITA PRIHATIN will be able to maintain the recovery momentum,” he said.

 

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