Stimulus Package 2009 Malaysia

Malaysia s spending to fight covid 19 through four economic stimulus packages now totals rm295 billion about us 69 bln. There has been outcry among small and medium enterprises smes in malaysia that they have been left out from the country s rm250 billion prihatin rakyat economic stimulus package as the nation contends with movement control order mco to curb the covid 19 pandemic. The malaysian government passed two stimulus packages to mitigate the effects of the global economic turn down.

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The malaysian government announced a huge fiscal stimulus package on tuesday as it warned of an outright contraction in the economy for the first time in a decade.

Stimulus package 2009 malaysia. Malaysia announced a stimulus package worth 250 billion ringgit 58 28 billion on friday its second in a month to help cushion the economic blow from the coronavirus pandemic. The 60 billion ringgit us 16 3 billion package is the government s second supplementary budget but dwarfs the initial 7 billion ringgit round of stimulus spending already implemented. But the smes cry for help does not seem to have been heard by the government bangi member of parliament dr ong kian ming.

The second package worth rm60 billion was announced on 10 march 2009. The first package worth rm20 billion 4 7 bln was issued on february 27 to counter covid 19 s immediate impact on the tourism industry. The first stimulus package worth rm7 billion was announced on 4 november 2008.

Ex prime minister says the permai stimulus package announced today does not cater for the implementation of the new movement control order and the state of emergency.

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