KUALA LUMPUR: The confusion over the process of withdrawal from Account 1 of the Employees Provident Fund (EPF) under the i-Sinar programme is expected to be cleared on Wednesday (Dec 2).
Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz said detailed information on the i-Sinar programme would be announced by EPF on that day.
"The EPF will announce the details, how the process is and others on Wednesday," he said in the "Ruang Bicara" programme produced by Bernama TV, today.
He said this when asked by the host of the programme, Sherkawi Jirim, about the public's confusion over which groups qualify to withdraw their contributions.
Zafrul said individuals who are eligible are those who have lost their jobs or whose pay has been affected. They can make withdrawals of up to RM10,000, if their savings in Account 1 is less than RM90,000, but not all at once. For those with more than the amount (RM90,000), the withdrawal is up to RM60,000.
On the allocation of RM3 billion to finance the procurement of the Covid-19 vaccine which is said to be insufficient, Zafrul said the allocation will be increased based on need.
"We will not hesitate to increase the allocation if necessary... this is not only for vaccines, but also for all the necessary allocations needed related to the Ministry of Health Malaysia (MOH), especially the allocation to fight Covid-19.
"According to a study conducted by the MOH and the Ministry of Energy, Science, Technology and Innovation, about RM3 billion is needed to vaccinate about 70 per cent of Malaysians. That estimate was given based on their discussions with vaccine companies," he said.
On the total allocation to the Special Affairs Department (Jasa) which was rebranded as the Department of Community Communications (J-KOM), he said the total allocation would only be known during the committee stage of the Supply Bill 2021 (Budget 2021).
"At the committee level, the Ministry of Communications and Multimedia (KKMM) will make an announcement on the allocation ... on how much is reduced.
''The Ministry of Finance and KKMM are still discussing… what we want to see and is agreed to by KKMM Minister Datuk Saifuddin Abdullah. We should and need to reduce its allocation,'' he said. - Bernama