PUTRAJAYA, 22 Jan 2009: The Deputy Prime Minister Datuk Seri Najib Razak said RM5 billion out of the RM7 billion from a government economic stimulus package has been transferred to various ministries and agencies.
Najib, who is also Finance Minister said, another RM2 billion would be transferred by next week.
“The entire RM7 billion will thus be in the hands of the ministries and agencies and they have to take immediate action,” he told reporters after chairing the National Drug Eradication Action Council meeting here today.
“At this stage, we want to ensure the RM7 billion is expanded quickly. We have instructed all operating ministries to take immediate action,” he said.
On Tuesday, Najib had said a second stimulus package would be introduced to assist companies and workers affected by the weakening economic climate.
He said the details, features and focus of the second package was still being studied and discussed with various quarters.
Last November, the government announced the RM7 billion stimulus package aimed at achieving a 3.5% economic growth this year. — Bernama
Eric says
When was this package approved in Parliament?