Malaysia’s massive fiscal injections miss the mark (East Asia Forum)

Malaysia’s spending to fight COVID-19 through four economic stimulus packages now totals US$73 billion (RM295 billion). On 27 February, the first package worth US$4.8 billion was issued to counter COVID-19’s immediate impact on the tourism industry. As the pandemic worsened and impacted the broader economy with the Movement Control Order (MCO) of 18 March, the government introduced the second (27 March) and third (6 April) stimulus packages worth US$57 billion and US$2.3 billion, respectively

Evelyn S Devadason, University of Malaya

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