Parliament must debate ‘ineffective’ stimulus packages, says Guan Eng

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Lim Guan Eng says the emergency ordinances, the national recovery plan and the budget expenditures must top the agenda when Parliament reconvenes.PETALING JAYA: The ineffectiveness of the government’s RM530 billion aid packages must be debated when Parliament reconvenes on July 26, DAP secretary-general Lim Guan Eng said.He said the finance ministry’s proposal to revise its annual growth forecast from 7.5% to around 4%, and its projection that the fiscal deficit may rise to as high as 7.5% over its prediction of 5.4% when the national budget was announced, proved that the stimulus packages had not had their intended effect of spurring the economy.“Is the failure of the RM530 billion in financial aid packages due to deviations in implementation, the failure to impose an interest-free bank loan moratorium or the lack of boldness in allocating direct fund injection of a mere RM83…