KUALA LUMPUR: The government seeks to create an inclusive economy that would boost the people’s purchasing power.
Deputy Economic Affairs Minister Dr Mohd Radzi Md Jidin said the government wanted to achieve that by focusing on increasing workforce productivity, quality investment and innovation.
He said the government was confident that economic policy would increase the country’s economic growth and thus boosts the people’s buying power.
“The government policy focuses on balancing the objective of strengthening fiscal position and emphasise economic growth to address market and investor sentiment.
“The government will give specific focus on boosting the people’s confidence on economic prospects via increase in workers’ compensation to the Gross Domestic Product (GDP) and thus increase the people’s purchasing power,” he said at the Dewan Rakyat today.
He was answering a question from Datuk Seri Bung Mokhtar Radin (BN-UMNO-Kinabatangan) on plans and efforts by the government to ensure Malaysia’s economic stability and boost the people’s buying power as a whole.
Radzi said the government was aware that stable economic growth was in line with inclusive and sustainable development.
“Policies on structure and strategy to ensure sustainable and inclusive economic growth was introduced in the 11th Malaysia Plan Mid-Term Review,” he said.