Insight - Paying for the lockdown

Paying for lockdown

SINCE the implementation of the full movement control order under phase 1 of the National Recovery Plan starting June, there have been growing calls for the government to dish out more stimulus through direct fiscal injection to shelter the economy, households and businesses from the ravaging impact of the Covid-19 pandemic.

Since March 2020 till June 2021, the government has rolled out eight economic stabilisation, stimulus and recovery packages totalling RM530bil or 36.4% of the gross domestic product (GDP).