Under the 10MP 2011-2015, the 30 per cent Bumiputera corporate equity target remains and rightly so for this alone will ensure that the country's socio-economic re-engineering made out in the New Economic Plan 1971, which has contributed greatly towards peace and prosperity, will be pursued. Najib Razak's challenge is to ensure that his Administration is able to check against rent-seekers and promote fair competition in order to expedite the achievement of the 30 per cent goal.
There's heavy emphasis on the "bottom-40 percent", a core driver for the government's New Economic Model. Among other things, the RM230 billion budget under the 5-year plan will be used to:
• Reduce poverty from 3.8% in 2009 to 2% in 2015The main thrusts of the 10MP include restructuring subsidies and increasing the per capita income. There will be full employment (with the creation of 1.4 million new jobs during the period) and the economic should grow by 6 per cent, if all goes according to plan.
• Raise average monthly income of bottom 40% of households from RM1,440 in 2009 to RM2,300 in 2015
• Increase percentage of SPM qualification and above in bottom 40% of households from 30% in 2009 to 45% in 2015
• Education assistance for children from bottom 40% of households
Get the details in your free afternoon paper, or read it online h e r e.
Thursday, June 10, 2010
10th Malaysia Plan
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