The The Twelfth Malaysia Plan (12MP) 2021-2025 – A Prosperous, Inclusive, Sustainable Malaysia
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On 27 September 2021, the much anticipated Twelfth Malaysia Plan (12MP) 2021-2025 was tabled in the August House, carrying the theme “A Prosperous, Inclusive, Sustainable Malaysia”. The 12MP is the first five-year plan that move towards the long-term economic planning – Shared Prosperity Vision (SPV) 2030.
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In tandem with the SPV’s objectives, the plan seeks to achieve balanced development and a people-centric economy, encompassing key macroeconomic targets and socio-economic goals - balance economic growth, equitable income distribution and wellbeing of the rakyat.
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The 12MP was formulated before and during the pandemic, and serves as part of the final phase under the 6R approach (Resolve, Resilient, Restart, Recovery, Revitalise and Reform) implemented to mitigate the impact of the COVID-19 pandemic.
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Anchored on THREE KEY THEMES, FOUR CATALYTIC POLICY ENABLERS, as well as 14 GAME CHANGERS, the 12MP is expected to rejuvenate and reposition Malaysia in the global economy, particularly for the post pandemic’s economic recovery.
