Insight - Is there a need for another relief package?

Lee Heng Guie says a double-dip recession or complete halt of Malaysia’s current uneven state of recovery is unlikely.

SINCE the outbreak of the Covid-19 pandemic in 2020, the government has rolled out a total of seven economic stabilisation, stimulus and recovery packages totalling RM340bil or 24% of GDP to save both lives and the economy. Total fiscal injection amounted to RM72.6bil for the period of 2020 to March 17,2021.

Out of the Covid-19 fund totalling RM65bil, RM38bil was spent in 2020 and RM10bil so far in 2021 - leaving a balance of RM17bil.