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Malaysia Plans 60 Billion-Ringgit Stimulus Plan Over Two Years

By Tuesday March 10th, 2009 No Comments

March 10 (Bloomberg) — Malaysia’s government will implement a 60 billion-ringgit ($16.3 billion) stimulus package over the next two years, Malaysian Finance Minister Najib Razak said. The government package includes 15 billion ringgit of fiscal injection, 10 billion ringgit of equity investments, and 3 billion ringgit of tax incentives, he told parliament today.

The stimulus plan represents 9 percent of gross domestic product and will widen the budget deficit to 7.6 percent of GDP this year, he said.
To contact the reporter on this story:
Ranjeetha Pakiam in Kuala Lumpur at +60-3-2160-6802 or rpakiam@bloomberg.net.

To contact the editor responsible for this story:
Tien Hin Chan at +60-3-2160-6803 or thchan@bloomberg.net.

Source : Bloomberg

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