A-G’s report: Covid-19 fund set up by govt to fund stimulus package, economic recovery

PETALING JAYA: The government set up the Covid-19 Fund, which came into force on Oct 27, 2020, under subsection 4(1) of the Temporary Measures Act.

According to the Auditor General’s Report, the fund was set up to certify the monies derived under subsection 3(1) of the Loan (Local) Act 1959 and whatever other funds received under subsection 3(1) of the Government Funding Act 1983 for the purpose of expenditure towards the stimulus package, as well as the economic recovery plan.