Malaysia has unveiled an ambitious plan to join the world’s top 30 economies by 2030 under the 13th Malaysia Plan (2026–2030), with a funding of RM611 billion.
Prime Minister and Finance Minister Datuk Seri Anwar Ibrahim presented the plan in Parliament this afternoon.
He said the country targets to raise its per capita income to RM77,200, which would exceed the high-income nation threshold.
RM611 billion funding breakdown
Out of the total RM611 billion needed, RM430 billion will come from government allocations.
Government-linked companies and investment arms will provide RM120 billion, while RM61 billion is expected from public-private partnerships.
GDP growth target set between 4.5% and 5.5%
The government projects the country’s GDP to grow between 4.5% and 5.5% annually from 2026 to 2030.
Anwar also said preschool education may become compulsory from age five.
By 2040, Malaysia aims to remain in the top 12 for global competitiveness and be among the top 20 in global anti-corruption rankings.
Ten main economic goals announced
The plan outlines ten macroeconomic targets to accelerate progress.
These include:
- Private investment to grow 6% annually
- Total investment to average RM417.9 billion per year
- Fiscal deficit to fall below 3% of GDP by 2030
- Export growth at 5.8% annually
- Wage share to reach 40% of GDP
Focus on sustainable public investment and inflation control
Public investment is set to grow by 3.6% each year.
The government also aims to keep inflation between 2% and 3%, and maintain a 2.2% current account surplus relative to gross national income.
Pushing for stronger digital and tech development
The 211-page plan highlights digitalisation and local tech growth as key priorities.
It targets reducing foreign worker dependency to 10% by 2030 and 5% by 2035.
To strengthen public finance, the government will work on expanding the tax base and lowering reliance on petroleum-related income.
Incentives and targeted assistance programs will be improved to address gaps in the current economic framework.
