“Nevertheless, funding the stimulus package through domestic sources seems to be a wise decision as it is less vulnerable to changes in foreign interest rates especially in the current pandemic situation, whereas, in Malaysia, Bank Negara Malaysia has control over it, ” Mazlina said.
KUALA LUMPUR: Economists have lauded the government’s move to use domestic borrowings to fund the Prihatin Rakyat Economic Stimulus Package (Prihatin) and the Short Term Economic Recovery Plan (Penjana) stimulus packages.
The two financial aid packages are the largest ever in the nation’s history, Prihatin at RM260bil and Penjana, RM35bil, compared to the RM67bil stimulus during the global financial crisis (GFC) a decade ago.
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