Tuesday, 02 Feb 2021 05:03 PM MYT
KUALA LUMPUR, Feb 2 — The government’s financial standing remains strong and has been used to good effect to cushion the Covid-19 shock, said Finance Minister Tengku Datuk Seri Tengku Zafrul Abdul Aziz. “These are better than the International Monetary Fund’s estimation of 10.3 per cent deficit that will be experienced by emerging market economies,” he said during the Bursa Malaysia Forum aired on Bernama TV today.
“So far, the stimulus packages have benefited 20 million individuals and 2.4 million businesses, with more than 50 per cent of the initiatives delivered to date.