Finance Minister Shaukat Tarin addresses the ECC meeting via a video link on Wednesday. APP
ISLAMABAD: The Economic Coordination Committee (ECC) on Wednesday rolled over Rs352 billion of the Covid-related Economic Stimulus Package to current fiscal to meet various expenditures, including procurement of vaccinations, and deferred approval of the five-year strategic trade policy framework.
The meeting of the ECC presided over by Finance Minister Shaukat Tarin also discussed the intervention price for cotton at a belated stage but could not take a final decision though the crop is at the last leg of sowing.
Apart from Mr Tarin, only two out of 14 ECC members attended the meeting.
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Johan: From the percentage value, Malaysia’s stimulus packages exceed many countries in terms of the scope and size.
MALAYSIA’s Covid-19 stimulus packages contribute more than 20% of the country’s gross domestic product (GDP), which is comparable to other developed countries and higher than regional developing countries, a comparative analysis of government assistance reveals.
This shows that the measures the Malaysian government has implemented are in line with what have been implemented by other countries, says National Budget Office director Datuk Johan Mahmood Merican in an online interview on Thursday.
Since the Covid-19 pandemic was declared last year, the government has launched eight aid packages worth RM530bil to address the health crisis. The latest stimulus package, Pemulih, is worth RM150bil and was unveiled on June 28, 2021, to further mitigate the economic impact of the pandemic.
Sunday, 18 Jul 2021 01:12 PM MYT
BY SOO WERN JUN
Prime Minister Tan Sri Muhyiddin Yassin delivers a keynote address at the Putrajaya International Convention Centre March 1, 2020. Bernama pic
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KUALA LUMPUR, July 18 Malaysia’s Covid-19 stimulus packages contributed 20 per cent to the country’s gross domestic product (GDP), comparable to other developed countries and higher than regional developing countries, a comparative analysis of government assistance reported.
The Ministry of Finance analysis compared Malaysia against Asia Pacific (Indonesia, Philippines, Singapore, Thailand, Vietnam, Australia, New Zealand, China, Taiwan, South Korea) and the United Kingdom and United States of America.