Malaysia’s economy to expand 5%-6% a year based on sustained domestic demand and increasing contribution from the external sector.
* Private consumption and investment to drive growth, resulting in a 7.9% per annum rise in gross national income (GNI) per capita.
* Four strategies to boost economic fundamentals: 1) Unlocking the potential of productivity to ensure sustainable and inclusive growth; 2) Promoting investment to spearhead economic growth; 3) Increasing exports to improve trade balance; 4) Enhancing fiscal flexibility to ensure sustainable fiscal position.
* Real private consumption is expected to increase at an average rate of 6.4% per annum.
* Public investment to grow at 2.7% per annum, or an annual average of RM131bil in current prices, driven by the Federal Government development expenditure and capital spending of non-financial public enterprises (NFPEs).
* Private investment is expected to grow at 9.4% per annum, with an estimated average annual investment of RM291bil in current prices.
* Productivity GDP growth underpinned by significant increases in productivity, with less dependence on inputs from capital and labour. Contribution of multi-factor productivity to GDP growth is targeted to increase to 40%, while that of capital is expected to reduce to 44% and labour to 16%
Malaysia’s economy to expand 5%-6% a year based on sustained domestic demand and increasing contribution from the external sector. * Private consumption and investment to drive growth, resulting in a 7.9% per annum rise in gross national income (GNI) per capita.* Four strategies to boost economic fundamentals: 1) Unlocking the potential of productivity to ensure sustainable and inclusive growth; 2) Promoting investment to spearhead economic growth; 3) Increasing exports to improve trade balance; 4) Enhancing fiscal flexibility to ensure sustainable fiscal position.* Real private consumption is expected to increase at an average rate of 6.4% per annum.* Public investment to grow at 2.7% per annum, or an annual average of RM131bil in current prices, driven by the Federal Government development expenditure and capital spending of non-financial public enterprises (NFPEs).* Private investment is expected to grow at 9.4% per annum, with an estimated average annual investment of RM291bil in current prices.* Productivity GDP growth underpinned by significant increases in productivity, with less dependence on inputs from capital and labour. Contribution of multi-factor productivity to GDP growth is targeted to increase to 40%, while that of capital is expected to reduce to 44% and labour to 16%
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