Friday, 27 Mar 2020 11:21 PM MYTA Foodpanda rider idles in front of the Masjid Jamek LRT station in Kuala Lumpur on day eight of the movement control order March 25, 2020. — Picture by Yusof Mat Isa
“By logic, if a deficit goes up, you’re going to have to borrow money. So there will be some payoffs from various government subsidiaries and we are combining that with some borrowings. “During the Budget, oil prices are at US$62 while now it’s US$35-40. The good thing for us is we have enough liquidity in the system to fund us domestically,” he added.
The Covid-19 outbreak has put the global economy on pause as countries shut borders and put lockdowns, curfews and quarantines in place to help curb the spread of the deadly virus. Critics are saying this amount is not enough to sustain the people and the economy, a claim that the finance minister refutes.