We have money to implement Covid stimulus packages, says Sarawak

Sarawak has announced some RM2.5 billion worth of stimulus packages to deal with the impact of the Covid-19 crisis.

KUCHING: The Sarawak government said it has the resources to implement three stimulus packages worth RM2.55 billion to cushion the impact of Covid-19, after an opposition assemblyman questioned the state’s ability to finance them.

“Sarawakians don’t have to worry. The state government has the financial resources to complement the “Sarawakku Sayang” programme. It has been disbursed since April,” Deputy Chief Minister Douglas Uggah Embas told the state assembly today, responding to Bawang Assan assemblyman Wong Soon Koh.

Wong is also the president of Parti Sarawak Bersatu (PSB).

Uggah said Wong, who served as a second finance minister in the state for 15 years before resigning last year, was “out of touch” with the state’s finances.

“I cannot believe that Wong chose to mislead the public that there is no provision of contingency reserve in budget 2020,” he added.

Uggah said money for the stimulus packages would come from the contingency fund, the 2020 development budget (micro credit schemes), savings from unimplemented projects and from the development fund account.

A total of RM1 billion was used from Bank Negara’s special relief fund, he added.

The Sarawak government announced three stimulus packages. The first was worth RM1.15 billion, the second RM1.1 billion and the third amounted RM0.29 billion.

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