Malaysia is targeting economic growth of 4.5per cent to 5.5per cent per annum between 2021 and 2025, Prime Minister Ismail Sabri Yaakob said while launching Malaysia’s five-year economic plan until 2025.
The government expects the financial position to improve in 2023 when the economy strengthens, while it is targeting GNI per capita at the end of the plan to increase to RM57,882 from RM42,503.
The issue of the high income is back on the table with the focus now on increasing average monthly income to RM10,065 by the end of the plan from RM7,160.
The government wants to see a more than double increase in the Malaysian wellbeing index growth per annum of 1.2% from 0.5% in the 11th Plan.
