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The State of the Nation: Bank Negara Malaysia Annual Report 2020 - Pandemic reveals critical gaps in Malaysia's social protection system


HOUSEHOLDS under the Poverty Line Income threshold have received the smallest percentage of government cash handouts in recent years, according to a government survey, underlining some of the deficiencies in Malaysia’s social protection system, including weak verification capacity and fragmented policies by multiple government agencies resulting in more than 60 such programmes.
Indeed, the magnitude and scale of the Covid-19 pandemic has revealed critical gaps in the social protection system, in the form of its effectiveness, implementation as well as sustainability, and involves all pillars of social protection, according to the central bank.
Bank Negara Malaysia in its Economic and Monetary Review 2020 report says a holistic review of the entire social protection system is needed to ensure its continued ability to act as an automatic stabiliser during crisis periods. ....

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