Produced by REFSA
Read #ProjekMuhibah Strategy 3 HEREÂ
Did you know that across the 9 stimulus packages announced in Malaysia since March 2020, direct fiscal spending only totals RM87.6 billion or 16.5%?
Faced with a prolonged decline in household income and business profitability, a more ambitious fiscal measure should complement non-fiscal ones to cushion the impact of the pandemic.
In REFSA’s #ProjekMuhibah series, Strategy 3 calls for continued and targeted assistance to businesses and individuals. Some key actions to take include:
- Lift the arbitrary “debt to GDP ratio” and the “interest service ratio” temporarily
- Increase targeted direct cash injections
- Find creative ways to increase revenue collection to supplement government spending
- Protect the vulnerable through enhanced social protection safety net (especially for those in the informal sector)
See REFSA’s infographics here 👇
See infographics of Strategy 1Â and Strategy 2 here.Â
To download PDF version, please click here.
For Mandarin version, please click here.
