KUALA LUMPUR,Nov 4: Malaysians have been told to wait for the 2021 budget speech to know whether the blanket loan moratorium will be extended.

“The budget will be tabled this Friday. Due to that, whether it (an extension of the moratorium) will be implemented or not, we have to wait,” Deputy Finance Minister Abdul Rahim Bakri said at the Dewan Rakyat today.

Salahuddin Ayub (PH-Pulai) had asked if the moratorium would be extended, stating that the people were hoping for another freeze in loan repayments next year because of the economic slowdown.

Putrajaya had implemented a six-month blanket loan moratorium in March after the movement control order was implemented. It was replaced with a case-by-case extension by individual banks in September.

To an earlier question by Salahuddin on the implementation of stimulus packages, Rahim said the government had provided assistance to both individuals and businesses facing financial challenges.

He said the assistance included a cash payout of up to RM1,600 for those in the B40 and M40 groups and the Wage Subsidy Scheme for employers to retain their workers.


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