. In the article, sources told FMT that the package would be more than 10 times what was announced by interim prime minister Dr Mahathir Mohamad on Feb 26. This implies a plan of more than RM200 billion! Crazy? Well, think again.
If the current government – the prime minister and his Cabinet – is made up of “rational” individuals, they should put forward a comprehensive stimulus package that “leaves no one behind”. In short, it must have a “wow” factor. It must try to make everyone happy. Will it and can it be done? As an example, of the RM20 billion stimulus package announced by Mahathir, only RM3.5 billion was direct government spending. Another RM3.5 billion was from government guarantees while RM13 billion was from various tax allowances and exceptions. This translates to about 15%-20% direct expenditure, with the rest coming from other sources.
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