Stimulus package is a package of tax rebates and incentives used by the governments of various countries to stimulate economy and save their country from a financial crisis. Description: The idea behind a stimulus package is to provide tax rebates and boost spending, as spending increases demand, which leads to an increase in employment rate ...
Economic Stimulus Package (“ESP”) 2020 The interim Prime Minister, Tun Dr Mahathir Mohamad, unveiled a strategic economic package worth RM 20 billion on 27 February 2020. The package is anchored on 3 strategies, namely mitigating the impact of Covid-19, spurring rakyat-centric economic growth and promoting quality investment .
Booklet Economic Stimulus Package 2020 “Bolstering Confidence, Stimulating Growth, Protecting Jobs.” This new economic strategy package focuses on 3 main strategies, which aims to accelerate the economic activities though utilising strategic domestic resources in order to generate assured Malaysia, as follows:
Insya-Allah, the 2020 economic stimulus package will be as successful. 28. Due to the global economic scenario and COVID-19 impact, Malaysia’s GDP growth in 2020 is estimated to be in the range of 3.2% to 4.2%. I believe, the economic stimulus package will enable the Malaysian economy to achieve the highest point of the range.