Don’t hold back on spending, MP urges Putrajaya

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Young people taking part in a skills development programme. An MP says greater efforts must be taken to support employment. (Facebook pic)PETALING JAYA: An opposition MP has urged Putrajaya not to hold back on spending, saying only the government could “save the economy” from the effects of the national shutdown and restrictions to combat the Covid-19 pandemic. “At this point in time, don’t worry about debt,” said Klang MP Charles Santiago who is also an economist. The DAP man said the government had been following the “same playbook” in dealing with an economic crisis as it did in 1998 and 2009 during the Asian and Global financial crises but the government response was not enough. “The situation is worse this time because domestic demand and crude oil prices are low. So the government needs to pump money in the economy in a big way. The government’s initiatives to support emplo…