What is the direct fiscal injection amount in the new package?

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The direct fiscal injection in the new package is RM5 billion.

The additional aid package, named Pemerkasa Plus, totals RM40 billion, with RM5 billion designated as a direct fiscal injection. This package aims to mitigate the economic impact of a strict lockdown by supporting the healthcare system, continuing welfare programmes, and assisting businesses. The Prime Minister, Tan Sri Muhyiddin Yassin, announced these measures, emphasizing the government's effort to balance public health and economic stability amidst a challenging fiscal situation.
Healthcare System Enhancement

A significant portion of the RM40 billion package is allocated to bolster Malaysia's healthcare capacity. An additional RM1 billion has been designated for the Health Ministry, which includes RM450 million specifically for the purchase of more ICU beds and related equipment. This measure comes as the current wave of Covid-19 cases has rapidly filled intensive care units in public hospitals, leading to difficult decisions regarding patient treatment. The RM1 billion allocation incorporates a previously announced RM200 million, meaning RM250 million represents new funding for these critical resources.
Continued Welfare and Business Support Programmes

Pemerkasa Plus will also see the continuation of several initiatives aimed at public welfare and business continuity. This includes an extension of the loan moratorium and the wage subsidies programme. Retrenched workers, along with micro and small businesses impacted by the lockdown, can apply for an automatic three-month loan repayment extension or opt to reduce their payments by half for up to six months, with these provisions commencing in June. This extension is anticipated to benefit approximately five million borrowers with loans amounting to RM30 billion.
Wage Subsidies for SMEs

To prevent widespread job losses during the lockdown period, the government is disbursing RM1.5 billion in additional wage subsidies through the Social Security Organisation (Socso). These subsidies are intended to provide support to businesses for at least an additional month. It is estimated that this programme will benefit up to 200,000 small and medium-sized enterprises (SMEs) and a workforce of 2.5 million employees, helping them retain staff during the mandated closures.

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What is the direct fiscal injection amount in the new package?

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