Kudos to Malaysia Budget 2021 which included the targeted Employees’ Provident Fund (EPF) Account 1 withdrawal facility that serves as another measure to help alleviate burden of those affected by Covid19 with regard to household expenses.
I thank our local media friends who had asked for my personal comments on this matter which had been widely spoken by our local folks from all strata of the society and looking for the government's consideration to enable them withdraw such funds from EPF.
We therefore welcome such measure which will can assist in restoring the economic cycle of our local folks affected by the present situation. The government's continuation of the i-Lestari Account 2 withdrawal scheme is also welcomed where contributors can also withdraw up to RM1,000 from EPF accounts 1 and 2 to relieve them of their financial burden due to the pandemic.
Our 2021 Budget can be viewed as comprehensive despite the government was facing various financial constraints and the initiatives provided under the budget will help reduce the people’s burden as well as to revitalise the country's economy. Thus, next year's budget can be seen as a response to the challenges faced in the current Covid-19 situation and economic downturn.
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