KUALA LUMPUR, June 1 — There is still a Budget 2021 allocation of more than RM200 billion to be spent this year in addition to the economic stimulus package packages, including Pemerkasa Plus to help Malaysians deal with Covid-19, as well as to drive economic recovery, Finance Minister Datuk Seri Tengku Zafrul Abdul Aziz said.
“It involved an increase in the rate of welfare assistance to vulnerable groups such as bed-ridden elderly, poor families and the disabled,” he told a press conference today. Besides Pemerkasa Plus, he said many programmes were still being implemented and would be implemented according to plan involving an allocation of more than RM100 billion to be spent until year-end.
Tengku Zafrul said from March 2020 until March 2021, the government had announced six economic stimulus packages worth RM340 billion, with a fiscal injection of RM65 billion or almost 4.7 per cent of gross domestic product , to address current health and economic challenges.
Source: News Formal (newsformal.com)
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