Govt approves annual allocation of RM1bil for 10 years for Felda's survival

Published on 7 Jul 2023 10:58:32 PM

The government has approved an annual allocation of up to RM1 billion for 10 years starting this year to ensure the Federal Land Development Authority’s (Felda) survival.

Prime Minister Datuk Seri Anwar Ibrahim who is also Finance Minister, said the delay in fund distribution for the Felda sukuk loan previously was due to the government having to meet its commitment in stimulus package financing.

Anwar said in his speech during the Felda Settlers’ Day 2023 celebration in Serdang, Selangor on Friday (July 7).