Carian mengenai topik economic-stimulus-packages

Tengku Zafrul said the government had implemented proactive and immediate measures to address the COVID-19 crisis.

Tengku Zafrul said the government had provided an allocation of more than RM200 million for the Food Basket assistance programme.

The government still has fiscal space, though limited, to fund economic stimulus packages to continue helping the people, Tan Sri Muhyiddin Yassin said.

The government has revised the deficit target to six per cent from 5.4 per cent of Gross Domestic Product (GDP) for 2021, having factored in continuing measures from 2020 economic stimulus packages.

Only four per cent of the RM1.7 billion allocated for the digital sector through four economic stimulus packages has been utilised, said Datuk Seri Mustapa Mohamed.

Muhyiddin said the govt implemented various economic stimulus packages to ease the people's burden and ensure business continuity.

Muhyiddin said these economic stimulus packages involved RM55 billion in fiscal injections by the government.

Since the onset of the COVID-19 pandemic early last year, the Government has implemented four economic stimulus packages worth RM305 billion, equivalent to more than 20 percent of GDP.

The government is ready to consider a strategic fiscal injection if the current economic situation warrants it, like the previous economic stimulus packages, said Tan Sri Muhyiddin Yassin.

He said the move will also place the country in a better position for economic recovery by 2021.

He said this was because youths were among those given special focus in the government's economic stimulus packages announced before this.

The implementation of the Economic Stimulus Packages (ESPs) worth RM295 billion by the government has managed to save more than 2.75 million jobs and more than 800,000 businesses.

Tengku Zafrul said the decision to reduce the OPR is aimed at accelerating the rate of recovery and further stimulate the country's economy.

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