PRIHATIN RAKYAT ECONOMIC STIMULUS PACKAGE · day during the quarantined period for up to 14 days...
11
PRIHATIN RAKYAT ECONOMIC STIMULUS PACKAGE
Transcript of PRIHATIN RAKYAT ECONOMIC STIMULUS PACKAGE · day during the quarantined period for up to 14 days...
PRIHATIN RAKYAT ECONOMIC STIMULUS PACKAGE
RM67b8% of GDP
RM250b1
17% of GDP
2009
2020
1. Including RM20b from PRE2020
Protecting Rakyat
Supporting Businesses
Strengthening Economy
3 GOALS:
2
GOAL 1: Protecting Rakyat
Curb the COVID-19
outbreak (RM1.5b)
Bantuan Prihatin Nasional
(RM10b)
Household
RM4,000 and below (RM1,600)
>RM4,000-RM8,000 (RM1,000)
Single Individuals 21 years old
RM2,000 below (RM800)
>RM2,000-RM4,000 (RM500)
These assistance will benefit nearly
9 million households and individuals
Senior citizens and children
in shelters, disabled, orang
asal, homeless and others
One-off cash assistance worth
RM200
Withdrawal from EPF
Account 2 (RM40b)
RM500/month up to RM6,000
for 12 months
Purchase of medical equipment,
special allowance to frontliners,
purchase of equipment and
services from private hospitals
Assistance to the
vulnerable groups
through NGO
(RM25 mil)
Moratorium on loan
repayment for 6 months
(RM100b)
Of which, 65% will
benefit households
(B40: 25%, M40: 20%)
Assistance to students at
HLIs (RM270 mil)
3
Rental Exemption on
PPR and Perumahan
Awam (RM8.7 mil)
Involves more than
10,000 units rented/ transit
and rent-to-own houses
40,000 tenants of DBKL
Perumahan Awam
Free internet & widen
the coverage (RM1b)
Free internet to all customers
Upgrading the quality of the
network
Assistance to civil
servants and pensioners
(RM1.2b)
Civil servants Grade 56 and below
& Government Pensioners
(RM500)
TNB Discount 15%-50%
(RM530 mil)
50% for consumption<200kWh
25% for consumption between
201-300kWh
15% for consumption between
301-600kWh
Widen the scope of
MySalam coverage
GOAL 1: Protecting Rakyat
Income replacement of RM50 per
day during the quarantined period
for up to 14 days
Suspension on premiums for
family takaful and insurance
for 3 months
Suspension on insurance
premiums
4
Wage Subsidy Programme
(RM6b)
Wage Subsidy of RM600 to employers
for 3 months to retain their employees
with salary below RM4,000, benefiting
3.3 million employees
Cash allowance to
e-Hailing drivers
One-off cash assistance of RM500 to
120,000 e-Hailing full-time drivers
Taxi drivers will also receive a one-off
cash assistance of RM600 which was
announced in the first stimulus package
GOAL 1: Protecting Rakyat
Private Retirement Scheme
Withdrawal from Account B PRS up to
RM1,500 for each member without
tax penalty
Food Security (RM1b)
Establish Food Security Fund to ensure
sufficient food supply
5
GOAL 2: Support Businesses
Increasing cashflow of
employers (RM10.4b)
Jaminan Danajamin (RM50b)
Employer Advisory Services
including deferring,
restructuring and rescheduling
employers’ contribution
(RM10b)
Exemption of HRDF levy
(RM440 million)
Postponement of income tax
instalment payment for SMEs
for 3 months
Special Additional Assistance
for SMEs and Micro
Entreprenuers (RM4.5b)
Additional fund in SRF (RM3b)
with interest rate reduced from
3.75% to 3.5%
Increase fund RM1b - Facility for
All Economic Sectors
Addtional fund of RM500 million
under the Micro Credit Scheme
through BSN at 2% interest rate
without collateral
Financing up to RM300,000 to
SMEs with businesses less than
4 years under CGC
Increasing guarantee to 80% for
SMEs under SJPP
6 months Loan Moratorium
(RM100b)
Of which, 35% will benefit the
businesses
TEKUN, MARA, Cooperatives
and other Government agencies
will also provide similar loan
moratorium
Guarantee scheme up to 80% of
total loans with minimum amount
guaranteed at RM20 million
Guarantee Scheme
(RM50b)
6
GOAL 3: Strengthening Economy
Implementation of
Small Projects (RM2b)
Additional allocation to
implement small projects for
contractor class G1-G4
The Government also allocated
RM2b for the implementation of
small projects under the First
Stimulus Package
Expedite Infrastructure
Projects
Expedite infrastructure and
development projects
including ECRL, MRT2 and
NFCP
7
MAKCIK KIAH’S ANALOGY (B40)
Makcik Kiah
Makcik Kiah’sHusband
MakcikKiah’s Son
Bantuan Prihatin NasionalBalance of BSH paymentPostponement of Micro Loan
Savings from PPR Rental (6 months)
Savings from Electric Bill
RM1,600
RM 600
RM 600
RM 744
RM 120
RM3,664
Retiree’s AssistanceRELA AssistancePostponement of Car Loan
RM 500
RM 200
RM1,800
RM2,500
Bantuan Prihatin Nasional-SingleAssistance to e-Hailing
Full Time DriverPostponement of PTPTN Repayment
RM 800
RM 500
RM1,200
RM2,500
Assistance Savings
RM4,200
RM4,464
RM8,664
Total PRIHATIN
8
STIMULUS PACKAGE FOR ALL
RM54bFiscal Injection
RM22bRM66b RM30b
B40 M40 SMEs
EPF Account 2 RM25b
BPN RM8.8b
Wage Subsidy RM6b
Loan Moratorium RM25b
Civil Servants RM0.75b
Electricity Bill RM0.1b
e-Hailing RM0.06b
EPF Account 2 RM10b
BPN RM1.2b
Loan Moratorium RM18b
Civil Servants RM0.45b
Electricity Bill RM0.2b
Loan Moratorium RM35b
EPF & HRDF RM10.4b
SMEs Fund RM4.5b
Others RM3.5b
Postponement of income tax
RM53b
Economic
Activities
Small projects RM2b
Danajamin RM50b
Food Security Fund RM1b
RM27b
Others
EPF Account 2 (T20) RM5b
Loan Moratorium (T20) RM22b
Electricity Bill (T20) RM0.2b
Guarantee
RM55b
Others
RM153b
Total Prihatin
RM230b
9
MAIN HIGHLIGHTS
BANTUAN PRIHATIN NASIONAL
(RM10 bilion)
WAGE SUBSIDY PROGRAMME
(RM6 billion)
ADDITIONAL FUND FOR SMEs
(RM4.5 billion)
LOAN MORATORIUM
(RM100 billion)
ASSISTANCE TO STUDENTS AT
HLIs (RM0.3 billion)
CURB COVID-19
(RM1.5 billion)
WITHDRAWAL FROM EPF
ACCOUNT 2 (RM40 billion)
DANAJAMIN CORPORATE
GUARANTEE SCHEME (RM50 bil)
SMALL PROJECTS
(RM2 billion)
ELECTRICITY BILL DISCOUNT
(RM0.5 billion)
10
