Why has the remaining WSP fund not yet been disbursed?

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Remaining Wage Subsidy Programme Funds Undisbursed Due to Verification and Completion Issues

The remaining portion of the Wage Subsidy Programme (WSP) fund has not yet been disbursed primarily due to challenges in verifying the authenticity of applications, instances of falsified documents, and applicants failing to complete necessary forms, including the provision of bank details. These administrative and verification hurdles have prevented the full allocation of the RM13.8 billion earmarked for the programme.
Application Authenticity Verification

A significant obstacle to the disbursement of the remaining WSP funds lies in the process of verifying the authenticity of the applications submitted. This involves a thorough check to ensure that all submitted information and claims are genuine and accurate before funds can be released.
Document Falsification Concerns

The programme has encountered issues related to the falsification of documents by some applicants. Such fraudulent submissions necessitate rigorous checks and balances to prevent misuse of public funds and to ensure that subsidies are directed towards legitimate businesses facing genuine hardship.
Incomplete Application Forms

Furthermore, many applicants have not completed the required forms in their entirety, which has stalled the disbursement process. This includes the failure to provide essential information such as accurate bank account details, which are critical for the successful transfer of subsidy funds to eligible companies.

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Why has the remaining WSP fund not yet been disbursed?

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