The government will borrow up to RM35 billion locally to finance its RM295 billion initiatives to spur the economy, namely for the Prihatin Rakyat Economic Stimulus Package (Prihatin) and the National Economic Recovery Plan (Penjana).

Finance Minister Tengku Zafrul Abdul Aziz said out of the total worth of initiatives, some RM45 billion would be directly injected by the government, of which RM35 billion would be...