PETALING JAYA: The government has increased the expenditure ceiling for the 12th Malaysia Plan (12MP) by RM15 billion, bringing its total allocation to RM415 billion.
Tabling the 12MP mid-term review in the Dewan Rakyat today, Prime Minister Anwar Ibrahim said the increase was necessary to enhance management quality and reallocate subsidies to cover basic needs.“The 12MP will be realigned with the Madani economic policy, which aims to empower and accelerate the country’s economy for a 10-year period,” he told the Dewan Rakyat. “As such, the government is committed to spend at least RM90 billion annually from 2023 to 2025.
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