‘Stimulus package a timely boost’

PETALING JAYA: Intervention is needed now to ensure the economy is kept going, said ministers who were asked to comment on the Prime Minister’s economic stimulus package.

Federal Territories Minister Tan Sri Annuar Musa said that the stimulus package announced yesterday aims to assist everyone directly especially those in the B40 and M40 groups.

“The assistance given will improve the people’s liquidity and capacity to spend.

“The economy needs the impetus to grow, public funding must be made available to allow the people to have money in their pockets.

“From what we can see, the stimulus package not only disburses cash but also ensures that the capital economy can continue.

“This will strike a good balance between the people’s economy and the capital economy.

“Intervention is needed now and the government has no choice but to decide on such a massive stimulus package to ensure that the economy keeps going.

“This is because the gross domestic product will shrink and may even go into negative if we do not do anything now,” said Annuar.

Housing and Local Government Minister Zuraida Kamaruddin said that for those living in low-cost flats (PPR), the stimulus packages mean a lot.

“All small traders and lower income workers are covered and receive something.

“Their loan worries can be put to rest as the repayments can now be delayed and there is ample time to recover.

“With cash in hand, this will also maintain their purchasing power while petty traders can restructure their businesses.

“There is financial security for all, especially for the B40 group and for the first time, even the lower middle class who are struggling, can survive for the next six months until they can get their finances back in order,” said Zuraida.

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