KUALA LUMPUR, June 29 ― The National People’s Well-Being and Economic Recovery Package is critical in aiding affected Malaysians as the nation could possibly remain in Phase 1 of the National Recovery Plan for the whole of next month, according to Public Investment Bank.
“Phase 2 of the NRP, which will run for two months after Phase 1 ends, may not entail full economic openings as various social activities and inter-state travel will still not be allowed. It said that the latest round of fiscal injection for Pemulih is set to widen the fiscal deficit though this may be cushioned by higher oil revenue following the better-than-expected oil price performance.
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