Ismail Sabri: Nation's financial position expected to improve in 2023

KUALA LUMPUR: Malaysia's economy is expected to improve in 2023, says Prime Minister Datuk Seri Ismail Sabri Yaakob.

Speaking while tabling the 12th Malaysia Plan (12MP) in the Dewan Rakyat on Monday (Sept 27), he said this is due to the anticipated strengthening of the economy, reports Bernama.

He also said that the government expects that Malaysia will be a high-tech, high-income country by 2025.

The five-year (2021-2025) plan, themed "A Prosperous, Inclusive, Sustainable Malaysia", aims to steer the nation out of the Covid-19 pandemic and put the economy back on track.

Among the areas of the development roadmap's focus are social welfare and protection for workers and the rakyat, particularly the needs of the bottom 40% (B40) group.

Other key areas include bridging the development gap between states and areas in the country, particularly through digitalisation and the use of advanced technology.

Aside from this, enhancing socioeconomic development in Sabah and Sarawak will also receive special attention under the five-year plan.

The development of transport and logistics infrastructure are also areas earmarked for development over the next five years, as well as sustainable development including "green growth" for the implementation of low-carbon, clean and resilient development.

Additionally, strengthening the public sector delivery system – including adopting a whole government and nation approach – are also included in the development plan.