Economic Stimulus Package 2020 (Prihatin Rakyat) - Part 3 : Strengthening the Economy

Note:  This is a continuation from part 2.

​Following the global COVID-19 pandemic which has made a significant impact to the economy, our government has announced a comprehensive Economic Stimulus Package also known as Prihatin Rakyat Economic Stimulus Package. The allocated amount of RM 250 billion is 3 times the total allocated during 2009 financial crisis, aimed at helping the people and businesses to pull through these unprecedented challenging times. 

​The allocation is based on the three (3) main thrusts:

• Supporting business
• Protect welfare and well-being of people in Malaysia   
• Strengthening nation’s economy​​​​

STRENGTHENING THE ECONOMY

​The government will continue all projects allocated in Budget 2020, including ECRL, MRT2 and the National Fiberisation and Connectivity Plan (NFCP) in line with its focus to ensure sustainable economic development. In addition, implementation of small projects which will have high multiplier effect and employment maintenance with allocation of RM2 billion to assist contractors in class G1 and G4. 

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Please take care, stay vigilant and stay healthy. Together we will emerge stronger!