KUALA LUMPUR: The 1Malaysia People’s Aid (BR1M), a brainchild of Bank Negara Malaysia, has been helpful in providing assistance at the household level by assisting low-income groups mitigate the pressures from subsidy rationalisation undertaken by the Government.
According to the central bank, BR1M has supported consumption and growth as the low-income groups’ marginal propensity to consume was high.
Already a subscriber? Log in.
Get 30% off with our ads free Premium Plan!
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!