NEWS

Anwar on stimulus package: What happens when the borrowed money runs out?

Published
Modified 28 Mar 2020, 11:19 am

CORONAVIRUS | PKR president Anwar Ibrahim has cautioned that the government is currently relying on borrowed funds for its new people-centric economic stimulus (Prihatin) package and questioned what will happen once the money runs out.

He, however, also stressed that he does support initiatives in the Prihatin package that helps the people, especially those in the B40 income group.

He claimed that around RM100 billion of the RM250 billion injected into the stimulus package comes from bank loans, another RM40 billion from the Employees’ Provident Fund (EPF), some RM60 billion from the Human Resources Fund and RM50 billion from Danajamin Nasional Bhd which is partly owned by Ministry of Finance Inc (MOF Inc)...

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