Covid-19: National Finance Council meeting approves infrastructure boosts, loan restructuring | Malay Mail

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Covid-19: National Finance Council meeting approves infrastructure boosts, loan restructuring

Friday, 22 May 2020 04:25 PM MYTTo ensure state roads are properly maintained, the federal government has agreed to improve the Malaysia Road Record Information System by expanding its budget and increasing the existing limit to 20 per cent, or RM50 million. — Picture by Miera Zulyana

The Finance Ministry said the council has agreed to approve RM350 million in contributions to the State Reserve Fund for 2022, to fund the Economics, Infrastructure and Welfare Development-Based Grants . To ensure state roads are properly maintained, the federal government has agreed to improve the Malaysia Road Record Information System by expanding its budget and increasing the existing limit to 20 per cent, or RM50 million.

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