Macroeconomic Plans
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| Macroeconomic Plans |
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| Third Industrial Master Plan (2006-2020) |
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A 15 year economic blueprint launched in August 2006 by Prime Minister Datuk Seri Abdullah Ahmad Badawi, the plan mapped out strategies to help Malaysia achieve the status of developed nation, emphasising on an integrated approach towards industrial development.
Areas of concern include developing human capital that are highly skilled and knowledgeable, establishing an efficient network of logistics services, applying the latest technologies, providing a broader coverage of information services, creating a more conducive business and investment climate and strengthening institutional support, in particular, the regulatory regime and government delivery system.
The full details of the Third Industrial Master Plan can be found in the Malaysia Trade and Industry Portal. |
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| Ninth Malaysia Plan (2006-2010)
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| The Malaysia Plan is a comprehensive five-year blueprint detailing the country's economic growth. Currently, Malaysia is into the ninth edition of the plan. Prepared by the Economic Planning Unit (EPU) of the Prime Minister's Department and the Finance Ministry with Cabinet's approval, it allocates the national budget from the year 2006 to 2010 for all economic sectors in Malaysia. The government provided RM200 billion for development spending and the economy is projected to grow at 6% per annum in this period. |
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| Budget 2007 |
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The Malaysian government budget is announced in Parliament every September and lays out the country's fiscal policy for the following year. Under Budget 2007, the government has provided for an expansionary fiscal policy to stimulate the domestic economy with a proposed spending of RM159.4 billion.
However, the government is still confident of reducing its budget deficit to a sustainable level of 3.4% of the gross domestic product as the federal government revenue is expected to rise by 11.8% to RM134.8 billion in 2007, mainly from petroleum-related revenue. The economy was expected to grow by 6%. The government will also reduce corporate income tax to 27% in 2007 from 28% before lowering it to 26% in 2008. |
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Enhancing National Support