Tuesday, March 10, 2009

RTRS:Malaysia to spend billions more in new budget

KUALA LUMPUR, March 10 - Malaysia's government is to announce it will spend billions of dollars to help prop up the economy when it sets out new spending measures on Tuesday, a source familiar with the government's plans said.

The source told Reuters that Deputy Prime Minister Najib Razak would set out spending worth "much, much more than the 10 billion (ringgit) we announced last week" but did not provide a precise figure.