KUALA LUMPUR: The government has raised the expenditure ceiling of the 12th Malaysia Plan (12MP) by RM15 billion, bringing the total allocation to RM4...
: The government has raised the expenditure ceiling of the 12th Malaysia Plan by RM15 billion, bringing the total allocation to RM415 billion.
“The 12MP will be re-aligned with the vision of the Madani Economy, which aims to empower and stimulate the national economy for a period of ten years. Anwar said the Mid-Term Review of the 12MP will review the policies, strategies and targets comprehensively taking into account the development gap between the city, the countryside and the interior as well as the rich-poor gap that still exists, the swelling debt, the limited fiscal space and the slow transition of the economic structure.
Anwar said that during the first half of 2023, the country’s Gross Domestic Product has recorded an increase of 4.2 per cent, supported by private sector activities and good trade.
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