RM60bil for stimulus package (Update 2)

KUALA LUMPUR: Deputy Prime Minister Datuk Seri Najib Tun Razak tabled an RM60bil “mini budget” (see below for full text) as part of the second economic stimulus package to help Malaysia weather the global economic crisis.

Najib, also the Finance Minister, pulled no punches as he unveiled the Supplementary Supply Bill 2009 in Parliament, noting that more than half of the major world economies -- in particular the United States, Europe and Japan -- are in recession and experiencing the worst economic contraction since the Great Depression of the 1930s.