Mini-Budget 2009

DPM/Finance minister Najib Razak presented a RM60 billion mini-budget to save the Malaysian economy from recession. The package is targeted at workers, consumers, investors, small & medium businesses, exporters and unemployed graduates. The mini-budget will have four thrusts : 1) Reducing unemployment and increasing employment opportunities (RM 2bil.) 2) Easing the burden of the rakyat, in particular vulnerable groups (RM10 bil.) 3) Assisting the private sector in facing the crisis (RM 29bil.) 4) Building capacity for the future (RM 19bil.) Opposition MPs said the mini budget did not have enough measures for the small man, but was beneficial to the corporate sectors. Where the money is coming from : RM 15 bil. - Fiscal injection RM 25 bil. - Guaranteed funds RM 10 bil. - Equity investments RM 7 bil. - Private finance initiatives (PFI) and off-budget projects RM 3 bil. - Tax incentives See who gets what .