PONTIAN – The government may consider introducing an economic stimulus package if the global economy worsens next year, says Finance Minister Lim Guan Eng.
He said the matter had been discussed at Cabinet meetings before and after the tabling of Budget 2020.
“Actually, I had stated that we would have the space if global economic conditions worsen.
“We will ensure (there is) space to stimulate the economy as mentioned by (Home Minister) Tan Sri Muhyiddin Yassin. This has been discussed. What he (Muhyiddin) said is right,” he told reporters when met before a “kopitiam session” near the Kukup International Ferry Terminal near here today.
“We will discuss together,” he added.
Two days ago, Muhyiddin urged the government to launch a stimulus package to boost the country’s economic growth.
Lim said in Budget 2020, the government had already introduced a mini stimulus package in the form of a one-off incentive of RM30 in credit in the e-wallets of Malaysians to promote their use of e-wallets.
“(The allocation to implement this) is estimated at about RM500 million, so this is also a stimulus package.
“So when we discuss with the private sector who will probably implement this programme, there will probably be more good news,” he said, noting that the incentive can be claimed and used in the first two months of next year.
“If the global situation worsens, we have the space for the economic stimulus, we have already made the preparations,” he added. — Bernama
Give PH chance, time to fulfil promises, Guan Eng urges
PONTIAN – The Pakatan Harapan (PH) government should be given the chance to fulfil its promises to the people, said DAP secretary-general Lim Guan Eng.
In making the call, the Finance Minister said the government also needed time to implement the various programmes that were drawn up for the benefits of all the people in the country.
“We hope that the people can have patience. We have been elected by the people, we have five years…give us time to fulfil all the promises,” he said at the Bicara Kopitiam programme near the Kukup International Ferry Terminal here today.
Lim said it was important for him to explain to the people because as a new government, PH had to solve many problems which it “inherited” from the previous administration.
As such, he hoped the people in Tanjung Piai parliamentary constituency would continue to support PH to ensure all the development agendas that had been planned by incumbent MP the late Datuk Dr Md Farid Mr Rafik could be realised.
The Election Commission has set November 16 as polling day and November 12 for early voting in the by-election.
The Tanjung Piai by-election was held following the death of incumbent Datuk Dr Md Farid Md Rafik, 42, of PH on September 21 due to heart complications.
The by-election is seeing a six-cornered fight involving candidates from PH Karmaine Sardini, Barisan Nasional, Gerakan, Parti Barisan Jemaah Islamiah (Berjasa) and two independent candidates.