13MP Document In Final Stages, To Be Tabled In Parliament In July 2025 – Hanifah

KUALA LUMPUR, March 11 (Bernama) -- The Ministry of Economy is finalising the 13th Malaysia Plan (13MP) document, which is expected to be tabled in Parliament next July, said Deputy Minister Datuk Hanifah Hajar Taib.

She said that the 13MP, which serves as the country's socioeconomic development plan for the period 2026 to 2030, is formulated based on the MADANI Economy goals.

"The 13MP is crucial to ensuring that  Malaysia successfully transitions to a high-income economy within the plan's timeframe," she said while winding up the debate on the Royal Address Motion in the Dewan Negara today.

According to Hanifah, the government will continue to focus on three main areas -- strengthening the country's fiscal position through increased revenue and expenditure rationalisation, identifying new sources of growth, and implementing structural economic reforms.

"Emphasis will be placed on reforming the economic structure towards higher value-added activities to realise Malaysia's aspiration of becoming a high-income country," she noted.

Meanwhile, Hanifah said that to address the impact of the global trade conflict between the United States and China on the national economy, the government will focus on several key strategies.

These include enhancing strategic trade with both existing and new Malaysian trading partners.

"Another key strategy is positioning Malaysia as an alternative investment destination for multinational companies to diversify trade, mitigate risks from global market instability, and enhance integration into the dynamic global value chain.

"The third strategy is leveraging Malaysia's participation in free trade agreements to boost trade, gain preferential access to global markets, and reduce tariff and non-tariff barriers," she added.

-- BERNAMA