Fiscal Deficit Plan Unaffected By Additional BR1M Payout
14 views · Published 14 April 2018 · 1:06 · Indexed 25 September 2026
Channel: 7Edition · 2018 · News & Politics
The additional 1 Malaysia People’s Aid, BR1M cash payout, will not affect the government’s target, to achieve a fiscal deficit of 2.8 percent this year. Second Finance Minister, Datuk Seri Johari Abdul Ghani, said the additional BR1M payout, was derived from the hike in oil prices, which improved to 67 US dollars, from 52 US dollars per barrel, when the 2018 budget, was tabled last october. (Soundbite of Datuk Seri Johari Abdul Ghani / Second Finance Minister Subtitle: The Prime Minister decided to give the additional BR1M because we have extra income due to the current oil price, which is more than what we budgeted for last October. Hence, we will return it to the people, namely BR1M recipients and those in the income group of between RM4,000 and RM5,000 to cope with the external factors.)
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