Firdausi Suffian and Rafiq Idris say the state’s stimulus package must complement the RM20 billion federal economic package. FMTNews FirdausiSuffian FMTLifestyle
People wander the popular Gaya Street market in Kota Kinabalu, Sabah. Economists say the aim of economic stimulus packages is to ensure that people continue to spend despite ongoing crises.
Firdausi, a political economist, said the idea behind a stimulus package was to ensure that people would still spend their money despite an ongoing crisis such as that caused by the pandemic. Chief Minister Shafie Apdal said earlier this month that Sabah would announce a stimulus package of its own in April to mitigate the effects of Covid-19 and the US-China trade warRafiq said it would be understandable if the state’s economic package was small due to financial limitations, adding that its resources were limited compared to those of the federal government.
Firdausi said the state should zero in on key sectors such as tourism and agriculture while also assisting those in the B40 income group. “Sabah could play a big role in supplying food and raw material through the agriculture sector, which is close to the state’s heart, not only within the state but throughout the country.He added that such efforts would be in line with the Sabah Agriculture blueprint.
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