Announcement on stimulus package in May

  • Business
  • Saturday, 05 Apr 2003

THE government has put off plans to announce an economic stimulus package until May, although there is no certain date when it would be announced, government officials said yesterday. 

The package was due to be announced on Monday, but a decision to defer it was taken at a high-level meeting yesterday as the government assesses the potential impact from the Iraq war and the deadly Severe Acute Respiratory Syndrome (SARS) virus sweeping Asia. 

This is the third time the package has been put back. It was first going to be announced in late February, but then the date was moved to late March, and then to April 7. 

One official said the announcement had now been put off until May, while another said there was no definite date. 

“At first we thought it was going to be a short, quick war. Now we have to re-look at the whole package again,” said one of the officials. – Reuters  

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