Saturday, 06 Jun 2020 08:06 PM MYT
South-east Asia’s third-biggest economy has announced incentives worth RM295 billion to soften the impact of the coronavirus pandemic, with the government vowing to directly inject RM45 billion of that into the economy, mostly raised through domestic borrowings. “How bad was it during the ? It was 6.7 per cent. So we have room if we want to borrow,” he said, referring to the country’s peak annual deficit in 2009.
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