Malaysia legislation
Section 3
of *TEMPORARY MEASURES FOR GOVERNMENT FINANCING (CORONAVIRUS DISEASE 2019 (COVID-19)) ACT 2020
Section 3
Increase of ceiling amount of sums raised and moneys received
(2)
Subsection (1) shall have effect for the period from the date this Act is published in the Gazzette until 31 December 2022 and during such period the Loan (Local) (Statutory Ceiling for
Borrowing) and Government Funding (Statutory Ceiling of Moneys
Received) Order 2009 is suspended.
(3)
For the purposes of this section, “Gross Domestic Product of
Malaysia” means the latest Gross Domestic Product of Malaysia confirmed by the Minister.
Establishment of COVID-19 Fund