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How will Putrajaya finance RM250 bil rescue package, asks economist

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He highlights that the package makes up about 16% of the nation’s GDP. FMTNews Economy EconomicStimulusPackage Covid19

The government’s new RM250 billion package gives importance to frontliners, especially those in the medical sector, fighting the war against the virus.

While lauding the government’s “significant effort”, he said questions will be asked sooner or later over how its plan will be financed. “What happens if — God forbid — the issue lasts longer? We risk that as we have already fired our best shots,” he said.He welcomed Putrajaya’s “clear intention” to support the medical sector and health ministry through the package, stressing the importance of frontliners in fighting the war against the virus.

“Gradually restart economic activities, but before reopening any businesses, force people to get tested and only allow those who test negative to go back to work.

 

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Damage it..then handover back to PH..

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