Increase average household income to RM 10,000 by 2025? Anwar calls on government to “think more” about realistic projection | Malaysia



Anwar suggested that the projection could be skewed if the average figure was obtained by including billionaires and die-hard poor in the test group. – Photo by Bernama

KUALA LUMPUR, September 28 – The government is expected to reconsider the possibility of meeting its goal of increasing average household income to RM 10,000 by 2025, as outlined in Malaysia’s 12th plan (12 MPs), the chief said Opposition Datuk Seri Anwar Ibrahim in Parliament Today.

Yesterday, during the debate on the 12 MPs tabled by Prime Minister Datuk Seri Ismail Sabri Yaakob, Anwar said the target figure could boost morale for some, but wanted to know if it was realistic given the current global economic scenario. of Covid-19.

“If we refer to the numbers, the poverty numbers, the number of layoffs, and given that the rate of development which is expected to be slow at least for the next one to two years, we wonder if such a statement can be seen one that is realistic or not, ”he said.

Anwar, a former finance minister, suggested that the projection could be skewed and result in inaccuracy if the average figure was obtained by including billionaires and hard-core poor in the test group.

“This is why I agree more if the Economic Planning Unit highlights the real situation of the hardened poor in a granular way, instead of giving a broad summary,” he said.

Anwar expressed his skepticism of the government’s projections, pointing to a recent statement from the Employee Provident Fund showing that 46% of its contributors over 55 have savings of less than RM 10,000.

“Are those with savings of less than RM 10,000 over the next four years suddenly able to increase their income?”

“I really hope statements like these will be more thoughtful,” he said.

Introducing Malaysia’s five-year roadmap yesterday, Prime Minister Ismail Sabri said the government aspires to increase average household income to RM 10,000 by 2025 to take the plunge and become a high-income nation.

The 12MP also aspires to achieve gross domestic product (GDP) growth of up to 4.5-5.5% per year between 2021 and 2025, while reducing the gap in GDP per capita between the central region and Sabah to a ratio of 1: 2.5, and 1: 1.2 for Sarawak by 2025.

Anwar also asked the government to explain how districts in oil-producing states were listed as the poorest in the 12MP.

The Port Dickson MP said those districts in Kelantan, Sarawak, and eight in particular in Sabah, called into question the effectiveness of previous policies and the representatives themselves.

“It’s interesting because these three states are oil producing states, and they are named after those in a state of great concern.

“Are these things related to the neglect and neglect of programs, projects and implementations at the federal and state government levels?”

“One question that needs to be raised by our friends in Sabah is whether these are the effects of the inability of the federal government or the failures of representatives at the federal level,” Anwar said.

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