Kuala Lumpur (VNA) - Malaysia is putting a priority on rebuildingits economy and placing the country on a stronger footing with a morecompetitive economy, said Minister in the Prime Minister's Department (Economy)Mustapa Mohamed.
Mustapa said the priorities of the government in the next 10 yearsinclude increasing income, eliminating absolute poverty and reducingdevelopment gaps between states and regions; as well as ensuring quality growthwhich is sustainable – that is, growth which will not compromise theenvironment.
In addition, the Malaysian Government also prioritises creating afavourable policy environment for the private sector, domestic and foreigninvestors; growth and development that is inclusive and leads to greater unityand cohesion in the context of Keluarga Malaysia; and ensuring that thegovernment delivery mechanism is enhanced to meet developmentalgoals, he said.
At the webinar under the theme "The 12th Malaysia Plan (12MP):Developing the Nation in the Spirit of Keluarga Malaysia", Mustapa said thechallenges faced by the country in the last 18 months have also presented anopportunity for the government to revisit its policies and strategies.
Last month, credit rating agency Fitch Solutionsdowngraded Malaysia's 2021 gross domestic product (GDP) growth forecast from4.9 percent to 0 percent, amid the rising number of new COVID-19 cases in thecountry and Malaysia is forecast to continue the lockdown for the rest of 2021./.
Mustapa said the priorities of the government in the next 10 yearsinclude increasing income, eliminating absolute poverty and reducingdevelopment gaps between states and regions; as well as ensuring quality growthwhich is sustainable – that is, growth which will not compromise theenvironment.
In addition, the Malaysian Government also prioritises creating afavourable policy environment for the private sector, domestic and foreigninvestors; growth and development that is inclusive and leads to greater unityand cohesion in the context of Keluarga Malaysia; and ensuring that thegovernment delivery mechanism is enhanced to meet developmentalgoals, he said.
At the webinar under the theme "The 12th Malaysia Plan (12MP):Developing the Nation in the Spirit of Keluarga Malaysia", Mustapa said thechallenges faced by the country in the last 18 months have also presented anopportunity for the government to revisit its policies and strategies.
Last month, credit rating agency Fitch Solutionsdowngraded Malaysia's 2021 gross domestic product (GDP) growth forecast from4.9 percent to 0 percent, amid the rising number of new COVID-19 cases in thecountry and Malaysia is forecast to continue the lockdown for the rest of 2021./.
VNA