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Showing posts with label Malaysia Five Year Plan. Show all posts
Showing posts with label Malaysia Five Year Plan. Show all posts

Friday, August 1, 2025

Economic highlights of the 13th Malaysia Plan 2026-2030

 

Prime Minister Datuk Seri Anwar Ibrahim received the 13MP document from Second Finance Minister Datuk Seri Amir Hamzah Azizan at Seri Perdana, Putrajaya. - Photo: AFIQ HAMBALI / Prime Minister's Office

KUALA LUMPUR: The following are the economic highlights of the 13th Malaysia Plan (13MP) 2026-2030 which was tabled by Prime Minister Datuk Seri Anwar Ibrahim in Parliament today, with the theme "Melakar Semua Pembangunan” (Redesigning Development).”

- Investments of RM611 billion required to successfully implement 13MP

- Development allocation from the government is estimated at RM430 billion, with RM227 billion to be channelled to the economic sector.  

- Gross domestic product (GDP) growth is targeted at 4.5-5.5 per cent annually, to be led by domestic demand, particularly private consumption and investment 

- Average real private investment is expected to grow by 6.0 per cent per year, while average real public investment is projected to grow by 3.6 per cent per year. 

- RM120 billion will be allocated for national development investment for 2026-2030. 

- The federal government's fiscal deficit is expected to gradually decrease to below 3.0 per cent of GDP, with government debt not exceeding 60 per cent of GDP.  

- The average inflation rate is expected to remain stable between 2.0 per cent and 3.0 per cent annually. 

- Gross National Income (GNI) per capita is targeted to increase to RM77,200. 

- Gross exports are expected to grow by 5.8 per cent annually, with broader trade opportunities.

- Gross imports are expected to moderate to 6.1 per cent per year from 2026-2030, compared to 14.4 per cent during the first four years of 12MP. 

- The trade balance is expected to remain positive at RM116.3 billion, with a current account surplus of 2.2 per cent of GNI by 2030. 

- Malaysia aims for Electrical & Electronics product exports to approach RM1 trillion by 2030. 

- The government targets to increase halal export value to RM80 billion, with the halal industry contributing 11 per cent to GDP by 2030. 

- The manufacturing sector is projected to grow by 5.8 per cent per year. 

- RM61 billion will be allocated for development projects under public-private partnership (PPP).

- The services sector is projected to grow by 5.2 per cent per year. 

- The agriculture sector is expected to grow by 1.5 per cent per year. 

- The mining and quarrying sector is projected to expand by 2.8 per cent annually from 2026-2030, supported by increased production of natural gas and crude oil. 

- By 2030, Malaysia aspires to become a high-income nation and be among the world’s top 30 economies. 

- Malaysia must rise quickly to lead in technology and produce world-class ‘Made by Malaysia’ products and services by 2030. 

- Malaysia sets a direction to lead the Southeast Asian economy in artificial intelligence (AI), digital technology, and renewable energy, aspiring to be an influential global player. 

- The National AI Action Plan 2030 will drive talent development, research, and commercialisation of technology to support broad AI adoption. 

- Implementation of NIMP 2030 (New Industrial Master Plan), NSS (National Science Strategy), and NETR (National Energy Transition Roadmap) will be intensified in 13MP to drive inclusive and sustainable economic growth. 

- The government is considering nuclear energy as one of the clean, competitive, and safe energy sources. 

- Malaysia targets to increase the share of installed capacity to 35 per cent by 2030 from 29 per cent at present.

- The government is committed to accelerating the development of the rare earth industry, in cooperation with state governments.

- The government will strengthen the green economy through various initiatives. 

- Focus will be placed on strengthening economic integration through Free Trade Agreements (FTA) and resuming Malaysia-EU (European Union) negotiations. 

- Malaysia’s participation in FTAs such as Regional Comprehensive Economic Partnership (RCEP), Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), and Malaysia-Turkey FTA (MTFTA) will be enhanced to expand markets and strengthen trade relations. 

- Malaysia will continue to leverage BRICS and ASEAN to reduce dependency on existing trade partners. - Bernama 

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