Economic stimulus to contribute up to 4% to GDP: Zafrul


Finance Minister Tengku Datuk Seri Zafrul said on Friday the economic stimulus packages worth a total of RM305bil, are expected to contribute between 3.7% and 4% to the nation’s gross domestic product this year.

KUALA LUMPUR: The RM10bil PRIHATIN Supplementary Initiative Package (KITA PRIHATIN) is expected to have a positive impact on the nation’s economic growth in the fourth quarter of 2020.

Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz said on Friday the economic stimulus packages announced by the government -- PRIHATIN, PRIHATIN SME+, PENJANA and KITA PRIHATIN -- worth a total of RM305bil, are expected to contribute between 3.7% and 4% to the nation’s gross domestic product this year.

Save 30% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
KITA PRIHATIN , Zafrul , recovery

Next In Business News

Capital A completes disposal of AirAsia aviation units
Bursa Malaysia grants Pimpinan Ehsan until June 30 to submit regularisation plan
Vestland secures RM602mil construction contracts
Kenanga Investment revises 2026 GDP growth forecast to 4.5%
Ringgit ends marginally lower as greenback gets lift from positive US economic data
Exsim’s unit gets RM2.36mil job in an RPT deal
TH Plantations-Cenergi power plant boosts waste-to-energy solutions
MN Holdings wins RM122.7mil contracts for data centre power works
M&G enters JV to expand vessel maintenance and repair services
Binastra wins RM1.18bil building, infrastructure contracts in Johor

Others Also Read