KUALA LUMPUR, July 19 — Malaysia has not been too cautious or bold with its direct fiscal injections, as the government is prepared to increase fiscal space should the need to support the national economy and the rakyat arise, said Finance Minister Datuk Seri Tengku Zafrul Abdul Aziz., he said the highest ever deficit in the country was from 2008 to 2009, when it stood between 6.7 to 6.9 per cent.
When asked if he was taking an incrementalist approach with regards to the direct fiscal injection, in light of the complaints from certain quarters that it is too low and that more can be borrowed, Tengku Zafrul said it is necessary to take a holistic view and take into account Malaysia’s present fiscal position.
The minister said that looking at where the country stands today, the administration also taps into other parts of the government’s ecosystem. Tengku Zafrul also said he does not believe the recent Bendera Putih campaign, where those in need of supplies at home place white flags in front of their residences, is an indication that Putrajaya’s stimulus packages are ineffective.
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tzafrul_aziz give conditional personal loans to all EPF members. Then give a year period of moratorium on that loan. The balance in the EPF acts as collateral. Use the ordinance to force the banks and EPF la.