KUCHING, April 21: The country’s 2022 Basic Development Expenditure (DE) Performance as of April 15 was at 18.33 per cent, says Prime Minister Dato Sri Ismail Sabri Yaakob.
He said in order to address key challenges in the distribution of DE, the National Development Project Implementation Facilitation Committee (JP4N) has been established.
“The meeting agreed that the secretary-general of all ministries report the status of DE expenditure to the respective ministers on a monthly basis so that immediate action can be taken to expedite the implementation of the project,” he said in a statement after chairing the first meeting of the 12th Malaysia Plan (12MP) Monitoring Committee for the year 2022, today.
He said in line with the government’s target to achieve high-income country status by 2025, today’s meeting also approved a framework to monitor the performances of several indicators to achieve those targets.
He also said the indicators include prosperity, inclusivity and sustainability, and economic growth and increasing household income as well as competitiveness and productivity, contribution of high-impact industry to the economy; eradication of hardcore poverty, balanced state development and environmental sustainability and resilience.
Ismail Sabri said the meeting also discussed Phase 1 of the Keluarga Malaysia hardcore poverty eradication programme (BMTKM) which started this month involving 80 localities and about 5,000 heads of households (KIR).
He revealed that overall, a total of 1,000 localities will be selected for the implementation of BMTKM until the end of 2025.
“The implementation of BMTKM uses a new approach that is more holistic, integrated and focused by focusing on income generation activities among the hardcore poor KIR in a sustainable manner,” he said.
Apart from that, he said the committee was informed about the Flood Mitigation Project Planning amounting to RM15 billion for a period of 8 years (2023 to 2030).
“The method of financing these projects is being detailed by the Ministry of Finance. This holistic planning includes short/medium and long term projects,” he added. — DayakDaily
