MUHYIDDIN ANNOUNCES RM20 BILLION PLAN TO ‘REVITALIZE’ THE ECONOMY – BUT WILL IT ‘JUMP START’ THE POCKETS OF THE ELITE WHILE THE MAN ON THE STREET GETS TO WATCH ONLY

RM20bil plan to ‘revitalise’ the economy

PETALING JAYA: Prime Minister Muhyiddin Yassin has announced a RM20 billion economic programme to jump-start the economy.

In a televised address, he said the initiative, known as “Pemerkasa”, involved a direct fiscal injection of RM11 billion.

Muhyiddin had previously announced six strategies to face Covid-19 and economic recovery, with the fifth strategy being “revitalising” the economy.

Since the pandemic hit the country last March, the government has introduced various economic packages and measures amounting to some RM300 billion. FREE MALAYSIA TODAY

PM Muhyiddin announces RM20b Pemerkasa economy recovery scheme

KUALA LUMPUR] — Putrajaya will introduce a new economic recovery programme dubbed Pemerkasa (Strategic Programmes to Empower the People and Economy) worth RM20 billion.

Pemerkasa consists of 20 initiatives and the government will provide a fiscal injection of RM11 billion for the scheme.

Prime Minister Tan Sri Muhyiddin Yassin made the announcement today during a national address and said that priority will be given to the National Immunisation Plan, which will see its allocation increased from RM3 billion to RM5 billion.

“We want to speed up the immunisation programme and as such have increased its allocation to RM5 billion with the hopes of getting more Malaysians vaccinated as fast as possible,” said Muhyiddin.

FREE MALAYSIA TODAY / MALAY MAIL

.