KUALA LUMPUR: A total of RM7bil will be spent by the Government in its stimulus package to boost the country’s economy in the face of the global financial crisis.
Finance Minister Datuk Seri Najib Tun Razak, in announcing the package which he termed as a policy response to the crisis, said the Government was adopting an expansionary policy.
The money is to be spent on a wide range of projects, from the LRT to repairing of houses belonging to the poor.
Among the major announcements in Najib’s winding-up reply in Parliament yesterday were: