Kuala Lumpur (VNA) - Indicators that determine the success of Malaysia’s Madani Economy framework have shown positive achievements thus far, said Minister in the Prime Minister’s Department (Federal Territories) Datuk Seri Dr Zaliha Mustafa.
Speaking during a question and answer session at the Dewan Negara (upper house) on March 13, she said the performance of the Madani Economy framework could be assessed via several important indicators including economic growth, unemployment rate, poverty level, inflation, trade and investment and the country’s fiscal position. These indicators register positive achievements to date. The unemployment rate is stable at 3.2% and the poverty rate has already decreased by 8%.
Gross domestic product grew by 5.1% and inflation declined by 1.8%, and total trade increased by 9.2% to 2.9 trillion MYR (656 billion USD).
Zaliha added that other indicators included new debt issuance, which decreased by 17%, and the fiscal deficit, which improved.
Additionally, she explained that the total amount of approved investments also rose by 14.9% to 378.5 billion MYR, which created more than 207,000 job opportunities.
She stressed that these positive results reflect the impact of the Madani Government's economic policies and governance in promoting inclusive and sustainable development.
The government remains committed to refining its strategies to ensure that economic benefits are shared fairly across all segments of society, she noted./.
VNA
