BR1M recipients to get first instalment on Monday

Updated 6 years ago · Published on 24 Feb 2018 3:36PM · 2 Comments

Treasury secretary-general Irwan Serigar Abdullah says the 1Malaysia People's Aid, the first instalment of which will be disbursed on Monday, will have a multiplier effect on the economy. – The Malaysian Insight file pic, February 24, 2018.

THE first instalment of the 1Malaysia People’s Aid (BR1M) will be disbursed on Monday, said Treasury secretary-general Irwan Serigar Abdullah.

“The money will help to reduce the burden of the cost of living of low-income earners,” The Star reported him as saying.

Irwan said the 2018 BR1M will be launched on a national level by Prime Minister Najib Razak tomorrow.

“It will also have a multiplier effect on the economy, as people will use the money they receive on goods and help stimulate the economy,” said Irwan.

He said this after the launch of the Bumiputra Entrepreneurship Programme (Eastern Edition) 2018 in Kuantan today.

Last year, 7.2 million recipients received BR1M amounting to RM6.3 billion. Irwan said a slight increase in the figures was expected this year. – February 24, 2018.

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Comments

  • bullshit ...the country debt level to too high to give significant effect.

    Posted 6 years ago by Mohanarajan murugeson · Reply

  • Bullshit king, Irean Serigar...

    Posted 6 years ago by Ss Lee · Reply