KUALA LUMPUR (March 28): The country’s much-awaited comprehensive fiscal stimulus package was unveiled last Friday, and its whopping amount of RM250 billion took many by surprise.

Called Pakej Rangsangan Ekonomi Prihatin Rakyat, or Prihatin for short, the package comprises RM128 billion to protect the welfare of the people, RM100 billion to protect the welfare of small and medium enterprises (SMEs) and RM2 billion to strengthen the country’s economy, on top of the RM20 billion stimulus that was earlier announced on Feb 27.

Though RM250 billion would seem like a gargantuan amount for the government to take on, the actual amount of fiscal spending amounts to RM25 billion.

In our main story, we get some perspective from Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz on the stimulus package, and how the government plans to fund the massive package.

We also get reactions from economists and the business community on the package. In our accompanying stories, we take a look at lessons from the last three major economic crises, as well as creative ways to solve cash flow issues without exceeding fiscal limits.

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