PUTRAJAYA: The government will use RM5bil from the National Trust Fund (KWAN) for the purchase of Covid-19 vaccines, says Datuk Seri Tengku Zafrul Tengku Abdul Aziz.
The Finance Minister said money would be taken from its RM9bil in returns and the government would not touch KWAN s RM10bil principal funds.
He said that the money would only be used for the purchase of vaccines needed to fight the Covid-19 pandemic.
Tengku Zafrul said KWAN, which was set up in 1988, can be used for development expenditure and also to finance soft loans to federal and state governments.
He said this was not the first time the fund had been tapped, adding that RM42mil had been used previously for the Paya Indah Wetlands project.
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Govt allowed to utilise National Trust Fund for Covid-19 vaccines, expenditures
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