13MP likely to prioritise development expenditure

MBSB Research said the development expenditure allocations of RM80bil per year is estimated to contribute around 3.3% of GDP in the next five years.

PETALING JAYA: Development expenditure is expected to remain a key pillar of the government’s strategy in the 13th Malaysia Plan (13MP), with allocations projected to hover around RM80bil annually over the next five years as Malaysia prioritises infrastructure, socio-economic development and domestic growth.

MBSB Research said the projected allocation would maintain the government’s contribution in supporting investment and business activities.