People wandering around the street in George Town, Penang, Malaysia in search for the best street food for their dinner.

#ProjekMuhibah Strategy 3 – Continued and Targeted Economic Assistance

Produced by REFSA

Read #ProjekMuhibah Strategy 3 HERE 

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 ūüĎá

See infographics of Strategy 1 and Strategy 2 here. 

To download PDF version, please click here.

For Mandarin version, please click here.