The country’s debt level could hit the statutory limit of 55 per cent of the gross domestic product at the end of the year from the 52 per cent currently following the implementation of measures to save lives, protect livelihoods and stimulate the economy, Finance Minister Tengku Seri Zafrul Abdul Aziz said today.
The government had announced the RM260 billion Prihatin Rakyat economic stimulus plan , followed by the RM35 billion short-term economic recovery plan aimed at stimulating the country’s economy that has been hit by the Covid-19 pandemic, bringing the government’s direct fiscal injection to RM45 billion.
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:
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Finance minister says Malaysia might hit debt ceiling this year | Malay MailKUALA LUMPUR, June 23 — The country’s debt level could hit the statutory limit of 55 per cent of gross domestic product at the end of the year from 52 per cent currently following the implementation of measures to save lives, protect livelihoods and stimulate the economy, Finance Minister...
Source: malaymail - 🏆 1. / 86 Read more »
Finance minister: Govt has paid out RM40m to 40,000 BPN cash aid recipients | Malay MailKUALA LUMPUR, June 23 ― The government has paid out RM40 million to 40,000 recipients of Bantuan Prihatin Nasional (BPN) cash aid through Bank Simpanan Nasional (BSN) branches nationwide between June 12 and 19, said Finance Minister Tengku Datuk Seri Zafrul Aziz. He said that as at June 19, a...
Source: malaymail - 🏆 1. / 86 Read more »