Finance minister Tengku Dato' Sri Zafrul Tengku Abdul Aziz (c) visiting EPF Kuala Lumpur headquarter with him are EPF CEO Tunku Alizakri Alias( L) and Chairman Tan Sri Ahmad Badri Mohd Zahir (R). - The Star/Low Lay Phon.
KUALA LUMPUR: The government will borrow up to RM35bil locally to finance its RM295bil initiatives to spur the economy, namely for the Prihatin Rakyat Economic Stimulus Package (Prihatin) and the National Economic Recovery Plan (Penjana).
Finance Minister Tengku Zafrul Abdul Aziz said out of the total worth of initiatives, some RM45bil would be directly injected by the government, of which RM35bil would be raised from local borrowings.
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