under 12MP

DPM Fadillah Yusof said the distribution of the allocation is based on the current needs of each state.

The government is committed to spending at least RM90 billion a year from 2023 until 2025 under 12MP.

The government has allocated RM1.3 billion under the 12MP for seven flood mitigation programmes in Kedah, Prime Minister Datuk Seri Ismail Sabri Yaakob said.

The role of economic corridor authorities will be enhanced as the government accelerates strategic regional development under the 12MP.

EPU will send a circular to the ministries, state governments, MPs and state assemblymen (ADUN) relating to the reapplication of financial allocations under 12MP and Budget 2022.

Under the 12MP, the govt would assist the target group by encouraging entrepreneurship and access to financing facilities, Mustapa said.

The federal government is committed to providing at least 50 per cent of the allocation for basic facilities in Terengganu for the implementation of high-impact projects in the state.

Noraini said the ministry was also committed to realising the initiatives highlighted in line with the key focuses under 12MP.

The ministry has also begun subsidy rationalisation studies to identify subsidy modules that have an impact and can reach the target groups.

Targeted assistance will continue under the 12th Malaysia Plan (12MP) even though the country's fiscal deficit now stands at about seven per cent.

The National Defence and Security Industry Policy will be introduced under the 12th Malaysia Plan (12MP) 2021-2025 to set the direction of local industries related to defence and security.

Reezal Merican said it will benefit some 400,000 people under the 12th Malaysia Plan.

Mustapa said RM69 billion had already been allocated for this year, with most of the fund channelled to the healthcare sector.

A number of new economic sectors will be identified under the 12th Malaysia Plan (12MP) to drive the economy forward and create economic opportunities for the people.

A new national poverty line income (PLI) will be introduced next year under the 12th Malaysia Plan (12MP) so that the approach to eradicating poverty is more targeted.

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