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Wednesday, December 7, 2022

Muhyiddin said that the Government does not have much Money left

NewsMuhyiddin said that the Government does not have much Money left

While speaking to the Sikh community at a Vaisakhi celebration in Petaling Jaya yesterday (12 April), Prime Minister, Tan Sri Muhyiddin Yassin has revealed the country does not have much money left after the long battle with Covid-19 pandemic.

As reported by Malaysiakini, Muhyiddin said “So much money has been spent last year and this year. Why? It’s all for COVID-19 and to sustain the economy.”

“This includes various stimulus packages totalling RM340 billion and RM322 billion allocation for the national budget.”

“It’s more than RM600 billion for this year alone. That’s a big sum of money.”

He then emphasized that what he’s trying to communicate is that the country don’t have much money left after spending on these giant budgets.

“We don’t have as much money as before, because the most important thing for us is to make sure we are able to manage our lives and livelihood better with the amount of money that we have allocated for last year and this year.”

Source: Facebook

He added that the stimulus packages and financial aids introduced by his administration are provided to all communities in Malaysia without racial discrimination. Whether you are Malay, Chinese, Indian, Sikh, Sabahan, Khadazan, Dusun, Iban, or others, you’ll be entitle to it if you meet the criterias.

Being that said, Muhyiddin said he pledged to increase the allocation for the Sikh community by approximately RM1 million to RM3 million in 2021.

Ever since the pandemic started, the government had the Strategic Programme to Empower the People and Economy (Pemerkasa) (RM20 billion), Prihatin (RM250 billion), Prihatin SMEs (RM10 billion), Penjana (RM35 billion), Kita Prihatin (RM10 billion), and Permai (RM15 billion), and these sums up to a humongous spending of RM340 billion.

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