Najib questions if 2021 budget will prevent economic downturn

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Former prime minister Najib Razak said an economic downturn may result in the loss of a million or more jobs.PETALING JAYA: Former prime minister Najib Razak has questioned if the 2021 budget will be able to prevent an economic downturn and the loss of millions of jobs if Covid-19 continues or worsens next year.He said the government’s Bantuan Prihatin Rakyat aid, which offers financial aid for the poor, is less than in previous years. The loan moratorium, which had been a lifeline for many, had also not been extended.“The money in the Employees Provident Fund’s Account 2 under i-Lestari is also about to run out,” he said in a statement, referring to the withdrawal facility intended to ease the financial burden of members and help them meet their basic monthly financial needs during the Covid-19 pandemic.The maximum amount allowed to be withdrawn under this scheme was RM500 a …