10th Malaysia Plan development expenditure set at RM230b

  • Business
  • Wednesday, 28 Oct 2009

KUALA LUMPUR: The Government aims to achieve an average annual gross domestic product growth (GDP) of 5.5% in the 10th Malaysia Plan (10MP) with a total estimated development expenditure of RM230bil as it pursues the goal of a high-income economy.

“It can be achieved (based on) what we have recorded in previous GDP growth and we will work more on increasing the Government’s revenue and a better deficit level.

“And the driver towards a high-income economy will be the private sector with expected participation of more than 50% in projects under the 10MP,” Economic Planning Unit director-general Datuk Noriyah Ahmad told reporters after delivering a presentation on the new approach of the 10MP at the National Asset and Facility Management Convention (NAFAM) 2009 yesterday.

The total expenditure for the 9MP was also around RM230bil.

Noriyah said the Government would see more engagements from the private sector to undertake projects that were normally done by the public sector such as the construction and management of schools and hospitals.

“This will be done via privatisation, private funding initiatives (PFIs) and public-private partnerships (PPP) programmes,” she said.

On the new approach to the 10MP, Noriyah said the focus would be on outcome-based approach and results-driven performance.

“Via the approaches, there must be a systematic linkage between national development planning with the budgeting system and personnel performance.

“This will be further supported by monitoring and evaluation as the support management tool,” she said.

Noriyah said the budgeting and planning of 10MP also would also be more current and relevant through a “rolling” plan.

“We will plan the allocation every two years and every project will be reviewed on an annual basis,” she said.

Meanwhile, Works Minister Datuk Shaziman Abu Mansor said PFIs and PPP had been widely used in developed countries where the private sector, via concessions, would be responsible for the development and operation of projects.

“The practice in these countries has proven that projects done via PPP and PFIs resulted in optimal design, efficient materials selection and good management.

“Then, better value for money can be achieved,” he said in his closing speech read by the ministry’s secretary-general Datuk Thomas George.

NAFAM 2009 was jointly organised by the Public Works Department and Advanced Maintenance Precision Sdn Bhd.

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