Friday, 11 Sep 2020 08:24 PM MYT
KUALA LUMPUR, Sept 11 — The government will prioritise the youth as one of the target groups under Budget 2021, said Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz. Among the initiatives that directly impact this group are the RM1.5 billion Hiring Incentive Programme and Reskilling and Upskilling Programmes, which involves an additional RM2 billion allocation.
“We have seen the unemployment rate fall from 5.3 per cent in May to 4.9 per cent in June and further to 4.7 per cent in July following the implementation of the Wage Subsidy Programme and Employment Retention Programme.Tengku Zafrul said the country’s economy was recovering gradually since the resumption of economic activities in May and the momentum was expected to continue in the second half of this year.