Page 9 - ECO116 Presentation

METHOD TO OVERCOME INFLATION AND UNEMPLOYMENT

 Malaysia cautiously reopened many sectors such as education and tourism, it created new jobs

for the tens of thousands of people who had been laid off.

 The Minister of Malaysia, implement expansionary policy by increasing the prevailing assist

provided to the tiny and medium-sized enterprises (SMES). To date, the govt, has provided

RM13.8 billion worth of wage subsidy via a wage subsidy program with aims to profit 4.8 million

workers and employers from small and medium-sized enterprises

 The government is working on a scheme to help employers who are financially harmed by the

pandemic, with the goal of ensuring that businesses can continue to operate while simultaneously

preventing job losses. To handle the salary subsidies, SOCSO was paid a total of RM19.1 billion.

Malaysians earning RM4,000 per month are eligible for the subsidy, which is given to each

employee for six months and is based on the size of their company's employees

 The Malaysian minister gives voucher consumption to the citizens rather than giving cash. The

target of this voucher consumption is to revive economic activities amid the coronavirus

outbreak by encouraging consumer spending on local businesses.