Anwar, who is also Finance Minister, said the announcement on the Madani Economy: Empowering the People’ initiative is a comprehensive plan for Malaysia to address various challenges and issues related to its competitiveness and investment attractions, as well as outlining actions to address current issues that affect people's lives.
The seven indicators are Malaysia being in the top 30 of the world’s largest economies; top 12 in the Global Competitiveness Index; labour income constitutes 45 per cent of total income; women participation in the labour force reaches 60 per cent; top 25 in Human Development Index; top 25 in Corruption Perception Index; and fiscal sustainability with a fiscal deficit of three per cent or lower.
The Prime Minister said the government will also implement policies supporting an increase in wages relative to Gross Domestic Product to reach 45 per cent to be at par with the rates in developed countries. Anwar said to ensure social justice and equal opportunities, the government will prioritise the underprivileged and low-income groups, especially in the provision of scholarships and full-boarding education.
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