What is the estimated cost of daily MCO to the economy?

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The daily cost of the Movement Control Order (MCO) to the economy is estimated at RM2.4 billion.

The national sentinel surveillance of Covid-19 among influenza-like illness (ILI) indicated a prevalence rate of 0.63 per cent within the community. This suggests a real risk of resurgence as economic activities gradually resume.
Economic Impact of MCO

The economic burden imposed by the Movement Control Order is substantial, with an estimated daily cost of RM2.4 billion. This figure highlights the significant financial implications of maintaining stringent public health measures.
Public Health Investment Proposal

To effectively manage the ongoing threat of Covid-19 and facilitate economic recovery, an increased investment in public health is deemed essential. The former deputy health minister proposed allocating at least RM4.8 billion towards public health initiatives specifically for Covid-19 mitigation.
Allocation for Mitigation Efforts

A portion of the proposed public health budget, specifically RM2.4 billion, is earmarked for crucial mitigation tools. This funding would be directed towards acquiring test kits, developing tracking technology, establishing quarantine facilities, and enhancing logistical capabilities.
Employment and Capacity Building

The remaining RM2.4 billion from the proposed budget is intended for the creation of a dedicated "Covid-19 Team." This initiative would involve the employment of 50,000 special healthcare workers at an annual cost of RM48,000 per person, deployed nationwide to bolster Covid-19 mitigation efforts and stimulate job creation.

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What is the estimated cost of daily MCO to the economy?

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