Malaysia plans nearly US$2 billion in cash aid for next year - finance minister
FILE PHOTO: Shoppers wearing protective masks shop at a market, amid the coronavirus disease (COVID-19) outbreak in Kuala Lumpur, Malaysia November 6, 2020. REUTERS/Lim Huey Teng
Malaysia will allocate 8.2 billion ringgit (US$1.98 billion) for cash aid as part of its 2022 budget to be distributed to 9.6 million recipients, Finance Minister Tengku Zafrul Abdul Aziz said on Friday.
Malaysia announced an expanded budget of 332.1 billion ringgit - its highest ever - for next year, aimed at jump-starting its pandemic-battered economy.
(US$1 = 4.1400 ringgit)
(Reporting by Rozanna Latiff, Mei Mei Chu and Liz Lee; writing by A. Ananthalakshmi; Editing by James Pearson)
Source: Reuters
