Pakej Perlindungan Rakyat dan Pemulihan Ekonomi (PEMULIH): Supporting the Economy in Lockdown Distress
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Following an extension of the Phase 1 lockdown of the National Recovery Plan until the daily COVID-19 cases dropped to below 4,000 for seven consecutive days, the Government has rolled out RM150 billion or 9.9% GDP Pakej Perlindungan Rakyat dan Pemulihan Ekonomi (PEMULIH) to ease the financial burden of households and individuals as well as to support businesses tying over during the lockdown and in subsequent phases of transition to reopening of the economy.
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PEMULIH marks the second-largest stimulus package year-to-date since the RM250 billion PRIHATIN package was announced in March 2020 when the country was placed under the Movement Control Order (MCO) 1.0.
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The RM150 billion PEMULIH entails RM10.0 billion (0.7% of GDP) direct fiscal injection, bringing total fiscal injection year-to-date to RM87.6 billion or 6.0% GDP in 2020-June 2021.
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PEMULIH focuses on three objectives: (i) Continuing the 'Prihatin Rakyat‘ Agenda; (ii) Supporting Businesses Continuity; and (iii) Accelerating the Vaccination Rate of the Nation.
