ID :
211693
Fri, 10/07/2011 - 13:19
Auther :
Shortlink :
https://www.oananews.org//node/211693
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GOVT TO FOCUS ON SEVEN CORE AREAS TO ACHIEVE HIGH-INCOME STATUS
KUALA LUMPUR, Oct 7 (Bernama) -- The government will focus on seven core
areas next year in the bid to achieve a high-income status for the country with
the well-being of the people and tackling the effects of weak external sector on
the economy given utmost priority, according to the 2011/2012 Economic Report.
The report, released by Finance Ministry, says the seven areas are reducing
the impact of inflation, enhancing the well-being of the people, accelerating
rural transformation, reinvigorating investment activities, innovating Malaysia,
developing human capital and improving public service delivery.
To reduce the impact of inflation, the government will maintain the subsidy
programme, albeit in a more targeted manner besides introducing several
measures, including expanding the Kedai Rakyat 1Malaysia and the Menu Rakyat
1Malaysia programmes to provide affordable goods and food away from home to all
Malaysians.
In enhancing the well-being of the people, affordable and quality homes will
be made available to the low and middle-income groups while land public
transport system will be further improved,it says.
According to the report, the government will also strive to reduce youth
migration to urban areas and increase the added value of national economic
activity through multiplier effects.
To reinvigorate investment activities, effort will be taken to promote and
market the country as an ideal location for investments besides encouraging
greater collaboration between government-linked companies and the private sector
through the public-private initiatives.
To encourage innovation and creativity, funding to research, development and
commercialisation programmes will be enhanced besides placing greater emphasis
on internalising the culture of total innovation.
The report says to further strenghten the public delivery system, the
government will introduce electronic-based initiatives to facilitate citizens'
interaction with the government and participation in policy making.
-- BERNAMA
areas next year in the bid to achieve a high-income status for the country with
the well-being of the people and tackling the effects of weak external sector on
the economy given utmost priority, according to the 2011/2012 Economic Report.
The report, released by Finance Ministry, says the seven areas are reducing
the impact of inflation, enhancing the well-being of the people, accelerating
rural transformation, reinvigorating investment activities, innovating Malaysia,
developing human capital and improving public service delivery.
To reduce the impact of inflation, the government will maintain the subsidy
programme, albeit in a more targeted manner besides introducing several
measures, including expanding the Kedai Rakyat 1Malaysia and the Menu Rakyat
1Malaysia programmes to provide affordable goods and food away from home to all
Malaysians.
In enhancing the well-being of the people, affordable and quality homes will
be made available to the low and middle-income groups while land public
transport system will be further improved,it says.
According to the report, the government will also strive to reduce youth
migration to urban areas and increase the added value of national economic
activity through multiplier effects.
To reinvigorate investment activities, effort will be taken to promote and
market the country as an ideal location for investments besides encouraging
greater collaboration between government-linked companies and the private sector
through the public-private initiatives.
To encourage innovation and creativity, funding to research, development and
commercialisation programmes will be enhanced besides placing greater emphasis
on internalising the culture of total innovation.
The report says to further strenghten the public delivery system, the
government will introduce electronic-based initiatives to facilitate citizens'
interaction with the government and participation in policy making.
-- BERNAMA
