Country's economic recovery momentum requires more funding, says Finance Minister

  • 📰 staronline
  • ⏱ Reading Time:
  • 6 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 6%
  • Publisher: 75%

Business News News

Business Business Latest News,Business Business Headlines

KUALA LUMPUR: An additional RM45bil in Covid-19 funding was crucial in maintaining the nation's economic recovery momentum, said Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz.

"If this Bill is not passed, the rakyat will not get the aid and benefits to rise up again after facing the challenges due to the Covid-19 pandemic since earlier this year," he said when tabling the Temporary Measures for Government Financing ) Bill 2021 for its second reading in Dewan Rakyat on Monday .

He said that the Bill would increase expenditure by RM45bil, from RM65bil to RM110bil under the fund.

 

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

Need to print more money......

That is to be expected as a huge amount of the nation's budgets 2020 and 2021 had been allocated to implement health and socio economic measures under a pandemic.

Amek lah guna duit hg kan byk kat offshore acc hahahahha

Just don't spend , spend spend ,with more excuses

We no longer have folks capable of creating net value. Our problem - addiction to mediocrity and unaccountable spending.

As FM you are the best person to know if the country can come out with more funding or not...

To afford such a hugh cabinet MP, taxpayers money certainly not enough

Stop spending rakyats money on unnecessary stuff- HELP THE POOR N JOBLESS - MEMANG KERAJAAN GAGAL!!

Mintak terowong dan jamban cirit

Ok understood...

Cucu cicik Malaysia bayar UMNO FM has no responsibility. They just spend and spend. Leaving Taxpayers to bear. The Ringgit performance is an indicator of Malaysia direction - into abyss

This MF and his uncle They both burnt everything in his first 6 months as FM

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:

 /  🏆 4. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Statutory debt ceiling raised to RM110bil or 65% of GDP, says Finance MinisterKUALA LUMPUR: Putrajaya decided to raise its statutory debt ceiling to 65% of the gross domestic product (GDP) as it was RM5bil short of reaching the threshold in September, says Tengku Datuk Seri Zafrul Abdul Aziz. In no time it'll keep going up, horrifyingly! It's incumbent upon the current Govt to explain to our younger generations what that percentage means to each and every one of them ...
Source: staronline - 🏆 4. / 75 Read more »