PETALING JAYA: The Wage Subsidy Programme 3.0 (PSU 3.0) under the government’s Permai assistance package will be receiving an additional allocation of RM500mil, raising the amount to RM1.5bil.
Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz said the latest allocation under the PSU in 2021 is RM3bil.
“This is on top of the RM1.5bil announced during Budget 2021. This also means that the PSU programme that was announced by the government in 2020 and 2021 amounts to RM20.7bil in total, ” he said in the 38th Implementation and Coordination Unit Between National Agencies (Laksana) Report.
Apart from the RM3bil under PSU 2021, Zafrul said the government has also allocated RM3.7bil under the job creation programme under Budget 2021, which has just commenced.
“This includes hiring incentives for employers and businesses.
“I would also like to remind that the rental rate by Mara for businesses is reduced by 30%, while the tax incentive for those who provide similar assistance is expanded to include all business tenants, from just small and medium enterprise (SME) tenants previously.”
Meanwhile, the Permai Prihatin Special Grant (GKP Permai) will receive an additional injection of RM150mil, making the total RM800mil.
“For micro SMEs that have received the GKP before, they are not required to register again, and the RM1,000 assistance will be credited straight into their account.”
The government has channelled some RM2.55bil to micro SMEs through the GKP and GKP 2.0 programmes.
“With GKP Permai, the total allocation that will be channelled to the public is RM3.55bil just through the GKP alone, ” Zafrul said.
Separately, he said the distribution of Bantuan Prihatin Nasional 2.0 (BPN 2.0) phase two with a value of RM2.38bil has begun since Jan 21.
“I hope the recipients can be patient as this is a huge sum and requires at least one week to be fully credited to the recipients, ” said Zafrul.
He explained that 6.4 million accounts have been credited from Jan 21 to 24,2021.
From Jan 25-29,2021, a total of 3.8 million accounts have been or are being credited.
Around 750,000 recipients without bank accounts have begun cash collection at BSN branches in Peninsular Malaysia for B40 and M40 recipients from Jan 25.
“The government hopes that the expedited assistance will provide some cash flow relief for 11.06 million single and household recipients during this movement control order (MCO) period, ” he said.
Zafrul said the Permai assistance package, which is valued at RM15bil, was formulated to expedite and expand the scope of implementation and to increase allocation where needed.
“This is the role of the government to ensure all the financial support and equipment needed are readily available.
“In the context of protecting the people and fixing the nation’s economy, I would like to reiterate that Budget 2021 is Malaysia’s economic stimulus package for the year 2021.“The Permai Assistance Package, meanwhile, is an additional package to close the gap of implementation between the flood incidents and the MCO period with the Budget 2021 measures.
“Our hope is that Permai can bridge the gap and realign the economic recovery as planned by the government through Budget 2021.”
Zafrul emphasised that a successful execution is more important than the value of allocation.
“This quick review has touched on numerous initiatives for the rakyat and businesses.
“Most importantly, government agencies and ministries will continue to facilitate the provision of assistance so that those in need will be supported to be resilient or to rebound.
“This is also one reason why this Laksana report is published each week, apart from the aspect of transparency, ” he said.