KUANTAN: Malaysians eligible for the 1Malaysia People's Aid (BR1M) can expect to receive the first instalment of the funds on Monday (Feb 26), says Tan Sri Irwan Serigar Abdullah (pic).

The Treasury secretary-general said that Prime Minister Datuk Seri Najib Tun Razak would launch the 2018 BR1M on a national level on Sunday (Feb 25).

"The money will help to reduce the burden of the cost of living of low-income earners.

"It will also have a multiplier effect on the economy, as people will use the money they receive on goods and help stimulate the economy," said Irwan after the launch of the Bumiputra Entrepreneurship Programme (Eastern Edition) 2018 here on Saturday.

He also said that in 2017, RM6.3bil in aid was given out to over 7.2 million recipients, adding that a slight increase in the figures was expected this year.