comparemela.com

Latest Breaking News On - National budget office - Page 10 : comparemela.com

2022 budget: Expect more borrowing to finance N6 258tr deficit, says FG

Despite outcry and protests against the administration’s penchant for frequent borrowing, the Federal Government, yesterday, hinted of its plan to borrow more to finance the N6.258 trillion deficit in the proposed 2022 budget.

IDEAS says pre-Budget statement release a good move, has many mid-year-review elements | Malaysia

IDEAS says pre-Budget statement release a good move, has many mid-year-review elements | Malaysia
malaymail.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from malaymail.com Daily Mail and Mail on Sunday newspapers.

Consistent and comparable stimulus

Johan: From the percentage value, Malaysia’s stimulus packages exceed many countries in terms of the scope and size. MALAYSIA’s Covid-19 stimulus packages contribute more than 20% of the country’s gross domestic product (GDP), which is comparable to other developed countries and higher than regional developing countries, a comparative analysis of government assistance reveals. This shows that the measures the Malaysian government has implemented are in line with what have been implemented by other countries, says National Budget Office director Datuk Johan Mahmood Merican in an online interview on Thursday. Since the Covid-19 pandemic was declared last year, the government has launched eight aid packages worth RM530bil to address the health crisis. The latest stimulus package, Pemulih, is worth RM150bil and was unveiled on June 28, 2021, to further mitigate the economic impact of the pandemic.

© 2025 Vimarsana

vimarsana © 2020. All Rights Reserved.