Prime Minister Ismail Sabri Yaacob is now tabling the 12th Malaysia Plan in the Dewan Rakyat and has announced that the government will allocate RM400 billion for existing and new development projects.
He said the Covid-19 pandemic had forced the government to focus less on development projects, placing priority instead on overcoming the health crisis.
He added that the government guarantees to reduce bureaucracy, provide quality infrastructure and strengthen the ecosystem to support private investment to help economic growth.
Under the plan, the growth of high-impact strategic industries and medium and small-medium enterprises will be given a boost and enhanced.
He also said the government was committed to eradicating hardcore poverty as well as reducing the income gap.
Ismail described the plan as a holistic one and said it would focus on nine main areas.
He said that under this plan, Malaysia expected to be a high-income, high-tech country by 2025
Parliament's session will end today after the tabling of the plan.
The full plan can be read here:
[More to follow] - Mkini
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