Malaysia Govt Considers Extra For Microfinance Credit Scheme

On Monday Feb 23 2009, BERNAMA reported that the government will consider increasing the allocation for the micro credit scheme under its second economic stimulus package or mini-budget.

Deputy Prime Minister Datuk Seri Najib Tun Razak told reporters at the Parliament building that the move will be considered and most probably under the second stimulus package.

"We can consider extra allocation for the micro credit programmes which will provide benefit to all the races," he said.

Asked on the total allocation for the mini-budet or second economic stimulus package, Najib said: "I cannot confirm anything. We will tell everything whenthe time comes."

The deputy premier will present the mini budget in Parliament on March 10 where he will also announce the reviewed Gross Domestic Product (GDP) growth projection for Malaysia.

On November 4 last year, Najib, who is also Finance Minister, announced a RM7 billion economic stimulus package to mitigate the effects of the global economic slowdown.