RM7 Billion Stimulus Package Breakdown

In response to the global financial crisis, the Government announced a RM7 billion stimulus package to boost the country's economy.

Deputy Prime Minister cum Finance Minister Datuk Seri Najib Tun Razak, announced the package which he termed as expansionary policy.

The breakdown of the stimulus package, as following

• RM1.2 billion allocations for the construction of 15,000 low-cost and medium-cost houses.
• RM500 million to refurbish police stations and police quarters, as well as army camps and their living quarters.
• RM600 million for small projects under the Public Infrastructure Maintenance (PIAS) for repairing village roads, building of community halls and small bridges.
• RM500 million for the preservation and repair of public amenities such as schools, hospitals and roads.
• RM500 million for upgrading and construction of rural roads and village roads.
• RM200 million to four groups of schools. RM50 million each for fully-aided religious schools, mission schools, Chinese schools and Tamil schools.
• RM300 million for creation of funds and to implement skills training programmes in the Development Corridors.
• RM500 million to strengthen the public transport especially the LRT, Komuter and bus systems in urban areas.
• RM1.5 billion ringgit as investment funds to attract more private sector investors.
• RM400 million to expedite the high-speed broadband project implementation.
• RM200 million to build human capital through various training programmes by various ministries.
• RM100 million for Rakan Muda projects.
• RM200 million to revitalise abandoned housing projects.
• RM200 million for early education for kids.
  

Read the full speech here.