60 billion stimulus package - Erection failed
At last our “beloved” finance minister bowed to the fact that Malaysia is facing recession after denying it earlier.
60 billion stimulus package will be introduced to be pump into the economy.
Where will the 60 billion go?
- Tax incentives - 3 billion
- Equity investment - 10 billion
- Fiscal injection - 15 billion
- Private sector assistance - 29 billion
- Working capital guarantee scheme to provide capital to companies with an equity of under RM20 million - 5 billion
From the stimulus, any of it yours? From the 5 points, I don’t see anywhere can enjoy from the 60 billion stimulus package.
It it a waste by allocating 16.66667% from the 60 billion stimulus package for equity investment. Even that, the market didn’t erect after the stimulus is being announced.
Oh yeah, besides that what happened to the money spent in the previous stimulus? I don’t see anything concrete or any black and white on that money. Where has it gone to? Only God knows!
We don’t need erection for recession but we need Viagra! Recession? Hell ya we are heading that direction.
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2 Responses to “60 billion stimulus package - Erection failed”
By Lisalicious on Mar 14, 2009 | Reply
only our government knows where it is going …to which pocket
By Kampung Boy on Mar 17, 2009 | Reply
I think only God knows the answer Lisa! =(