The plans, the first to be unveiled this year, come in the wake of a string of disappointing data that has sparked fears of a slowdown. In response the government has said it will cut taxes on small firms and speed up the construction of the country’s railway lines.
"We will find innovative ways including fiscal and financial methods to...steady economic growth," the cabinet said in a statement on the government's website. "We must roll out policies that spur businesses' vitality, effectively increase demand and boost jobs.”