KUALA LUMPUR, Nov 4 — Malaysia is on track to revive its economy in 2022 through an expansionary budget announced last Friday, said Finance Minister Datuk Seri Tengku Zafrul Abdul Aziz today.
“In terms of funding the debt, we have enough liquidity in the market. Obviously, we have a diverse investors’ base and we are confident that we will be able to raise the debts or bonds required domestically,” he pointed out. “It is a progressive tax of 9.0 per cent. So it is not a big amount and that is to assist the funding of our healthcare package during the Covid-19 pandemic,” said Tengku Zafrul.
“If you look at the businesses, we even have a RM40 billion assistance package just for the business sector and we also have a RM4.8 billion programme for jobs, guaranteeing 6,000 Malaysians jobs. We need to look at it holistically and the key focus now is on the economy and creating employment,” he added.