09-29-2021, 10:00 AM
12th Malaysia Plan: Economists say it's all about the execution, not just making a wish list
![[Image: putrajaya_1602.jpg]](https://media2.malaymail.com/uploads/articles/2015-02/putrajaya_1602.jpg)
KUALA LUMPUR, Sept 29 — Various economists have described the 12th Malaysia Plan as “comprehensive” or “not far reaching enough” but all agree that its success will, of course, depend on its execution.
Lee Heng Guie, executive director of think tank Socio-Economic Research Centre, said the five-year plan (2021-2025) was well-drafted, but that the challenge lies in actually executing the initiatives and ensuring there are sufficient funds to do so.
“I think the plan is more comprehensive, cutting across all sectors, and you must understand, this plan was crafted when the economy is still under the impact of Covid-19.
“So there’s a lot of high hopes on the plan supporting the short-term and medium-term growth trajectory, and the complexity and challenges tied to remaining competitive in the global economy in meeting rising rakyat expectations. So a lot of effort was put into the crafting of this plan, because this is the first five years to achieve the Shared Prosperity Vision 2030,” he said.
Lee Heng Guie, executive director of think tank Socio-Economic Research Centre, said the five-year plan (2021-2025) was well-drafted, but that the challenge lies in actually executing the initiatives and ensuring there are sufficient funds to do so.
“I think the plan is more comprehensive, cutting across all sectors, and you must understand, this plan was crafted when the economy is still under the impact of Covid-19.
“So there’s a lot of high hopes on the plan supporting the short-term and medium-term growth trajectory, and the complexity and challenges tied to remaining competitive in the global economy in meeting rising rakyat expectations. So a lot of effort was put into the crafting of this plan, because this is the first five years to achieve the Shared Prosperity Vision 2030,” he said.
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