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Poverty eradication projects expected to start in Feb 2022

by moneycompass
November 23, 2021
in Local Market News
urban poor, eradication

Source: Bernama

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KUALA LUMPUR – The government is expected to implement hardcore poor eradication projects nationwide starting in February or March 2022 which is included in a special project allocation of RM1 billion, reported Bernama.

According to Minister in the Prime Minister’s Department (Economy) Datuk Seri Mustapa Mohamed, the allocation is subject to approval by Prime Minister Datuk Seri Ismail Sabri Yaakob and the list of localities involved in each state will be selected in two weeks’ time in collaboration with state governments and the Economic Planning Unit (EPU).

“Of that amount, a total of RM500 million is to fund projects to eradicate the hardcore poor throughout the country where as many as three to five localities will be identified in each state to eradicate the hardcore poor on a targeted basis.

“We will take a holistic approach involving federal government agencies, state governments, universities, corporate divisions, foundations and other bodies,” he said when winding up the debate on the Supply Bill 2022 for the Committee level in Parliament on November 22.

He said Sabah and Sarawak would receive a large allocation due to the population and size of the two states.

“As this allocation is specifically to address the hardcore poor, the distribution is subject to modification from time to time subject to the approval of the prime minister,” he said.

Meanwhile, he said a total of RM350 million was for critical projects not listed in Budget 2022 but needs to be implemented immediately due to emergencies and have a high impact.

The remainder RM150 million is to fund high-impact small projects, especially in Felda.

 

Read more: What Does COP26 Mean for Climate Change Investors – And What Next?

Tags: Budget 2022Economy
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