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.
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Source : Bloomberg