Finance Minister Tengku Zafrul Aziz says the stimulus package amounts to 18% of GDP.
KUALA LUMPUR: The government’s direct fiscal injection to stimulate the economy has increased to RM35 billion with the announcement of the RM10 billion package for SMEs. Finance Minister Tengku Zafrul Aziz said the injection would be funded through government funds and domestic borrowings. “The country’s budget deficit was previously forecast at about 4% following the Prihatin Rakyat economic stimulus package.
“With the additional RM10 billion under the package for SMEs, the total package now amounts to RM260 billion, which will raise the budget deficit by 0.7% to 4.7%,” he said in an interview on TV3 today.He said more than two million new submissions had been received since the cash aid scheme was opened for application on April 1.
As explained by Mustapa Mohd.. ONLY 25 BILLION from Govt 50 is from EPF ie duit rakyat 175 from banks ie moratorium SO PLUS ADDITIONAL 10 TODAY Govt only injected 35 BILLION Dont confuse people saying its 260Billion Govt ONLY pumped 35 Billion Cmon guys 🤦♀️