MP SPEAKS | Govt should borrow RM45bil from debt market to aid M'sians

  • 📰 malaysiakini
  • ⏱ Reading Time:
  • 37 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 51%

Business News News

Business Business Latest News,Business Business Headlines

To extend the current lockdown without more financial assistance to the people would be irresponsible.

| Malaysians can only benefit, and Prime Minister Muhyiddin Yassin has nothing to lose by borrowing RM45 billion from the RM1.3 trillion domestic debt market to help financially troubled companies and Malaysians face the adverse economic impact of the total lockdown.

Previously, Muhyiddin had announced a RM40 billion Pemerkasa Plus economic stimulus package with only RM5 billion in new funding following the first total MCO lockdown for 2 weeks on June 1. • An increase in monthly welfare payments to RM1,000, including the unemployed, costing RM7 billion for the remaining seven months of the year until the completion of the National Immunisation Programme by December 31, 2021 to achieve herd immunity of at least 80%;

• RM3.5 billion for the Health Ministry to ramp up NIP, accelerate the 3Ts of testing, tracing and treatment, upgrade hospital capacity and capability as well as medical equipment and human resources to avert the collapse of our public healthcare system; and

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

We haven’t even accounted for all the purported spending.

Sue China for 10 trillion USD. They're the reason we're in this mess.

Implement Mahathir's MAGERAN because that will save a lot of money that can be used to give to Rakyat.

Super tax on palm oil.

Cut the money politic enough to save us all.

regardless of any decision made, it'd be papa guanenglim's contempt in his future speech. his political mission revolves around moneyyyy

Bangkit!

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 20. in BUSİNESS

Business Business Latest News, Business Business Headlines