The government is still able to channel financial asistance to ease the people’s burden through the 1Malaysia People’s Aid (BR1M) programme, said Finance Ministry deputy secretary-general Dr Irwan Siregar Abdullah.
This was due to increased revenue collection and rapid economic growth over the last year, he said.
He said the government was not able to implement this previouly because in 2008 and 2009, the world had experienced the subprime crisis while Malaysia’s economic also suffered a decline.
He denied rumours that the money for BR1M was obtained from the Employees Provident Fund (EPF), Petronas and Tenaga Nasional Berhad (TNB).
Irwan said this when interviewed on Bernama Radio24’s “Kerusi Panas’ talkshow yesterday.
– Bernama
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