Budget 2022 revives key Pakatan Harapan measures to improve social security

Oleh BORHAN AHMAD

The Minister of Finance must be commended for agreeing to adopt a series of critical measures proposed by Pakatan Harapan (PH), as part of our extensive engagement provided for under the Memorandum of Understanding between the Government and PH.

Most critically, the Government is allocating RM40 billion under ‘Program Semarak Niaga Keluarga Malaysia’ (SemarakNiaga) to assist business recover from the COVID-19 inflicted economic crisis – covering direct loans, guarantees and equity injection.

The fund is intended for all businesses, big and small. Pakatan Harapan has proposed to the MoF that at least RM30 million must be allocated to assist micro and small medium enterprises.

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