Economic package unveiled (Updated with full text)

  • Nation Premium
  • Tuesday, 04 Nov 2008

KUALA LUMPUR: The Government dialled down its projected gross domestic product (GDP) growth for 2009 from 5.4% to 3.5%, but said it would inject RM7bil to strengthen the economy and boost confidence within the private sector.

The RM7bil will come mainly from savings earned from the reduction of fuel subsidies announced earlier this year, Finance Minister Datuk Seri Najib Razak said in Parliament here on Tuesday when announcing the Government’s economic stimulus package (full speech in Bahasa Malaysia below).

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