PUTRAJAYA has yet to explain how it will fund the RM250 billion economic stimulus package that was announced to mitigate the effects of the Covid-19 pandemic, said Transparency International Malaysia (TI-M).
Although the package is welcomed, the Perikatan Nasional government should show transparency by answering questions raised, the anti-corruption watchdog said in a statement today.
“How is this stimulus package going to be funded? More clarity from the government is needed on this as the explanation given so far from the finance minister is vague.
“What mechanism will be applied to ensure transparency in the distribution of funds to businesses and employers?”
It urged Putrajaya to consider calls for a special parliamentary sitting to debate and approve the stimulus package.
“This will not only demonstrate transparency on the part of the government but also giving it more credibility.
“Trust is not won over by luxurious and glittering handouts but by honesty and transparency.”
The Perikatan government under Prime Minister Muhyiddin Yassin was formed in early March through political manoeuvring and defections from the previous Pakatan Harapan coalition to form a new Malay-majority coalition.
TI-M said there is no clarity on the mechanism for the disbursement of funds for employers to assist in retaining their workers.
The mechanism must be made clear to prevent “mark-ups” and leakages that result in the public not getting the full benefits.
Under the stimulus package, some RM128 billion is allocated to employers and RM100 billion to support businesses, including small and medium enterprises.
These include subsidies on employers’ wage bills so workers will not lose their jobs.
“This is why the government must be transparent and explain how these funds are going to be disbursed and who are involved so civil servants and the general public can keep an eye on this and blow the whistle if there are any wrong doings detected.”
THE MALAYSIAN INSIGHT