Prime Minister Muhiyiddin Yasin has unveiled the second economic stimulus package to deal with the coronavirus outbreak, which amounts to RM250bn. To help us unpack the main points of the package, BFM speaks to Lee Hwok-Aun, Senior Fellow at the Iseas-Yusof Ishak Institute.
Produced by Bigger Picture team
Presented by Sharmilla Ganesan
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Santana
1 Apr 2020 12.49pm
I think it is not another 250b. The authorities are coy about the sources of fund. I suspect some of the projects under the 2020 budget Presented by the PH government could have been reviewed and reallocated under this stimulus package. So it may not be an additional amount on top of the 2020 budget. For example the current government has withdrawn the money allocated to the PH parliamentary constituency. I’m sure this money is part of the 250b. So we don’t know exactly how much is the additional amount that will be pumped into the economy.
I think it is not another 250b. The authorities are coy about the sources of fund. I suspect some of the projects under the 2020 budget Presented by the PH government could have been reviewed and reallocated under this stimulus package. So it may not be an additional amount on top of the 2020 budget. For example the current government has withdrawn the money allocated to the PH parliamentary constituency. I’m sure this money is part of the 250b. So we don’t know exactly how much is the additional amount that will be pumped into the economy.