[ad_1]
KUALA LUMPUR: The allocations under the 2021 Budget will help the Ministry of Industry and International Trade boost the economy by attracting more high-quality investments and helping industry players struggling amid the Covid-19 pandemic, says its minister Datuk Seri Azmin Ali.
He said RM1.2bil would help his agencies implement programs to attract more investment for industries.
“It will further support the economic ecosystem and recovery directly, boost economic activities and potential foreign and local investment, and protect local workers,” he told reporters.
Prime Minister’s Department Minister Datuk Seri Mustapa Mohamed described Budget 2021 as complete, giving Malaysia’s 12th Plan an advantage.
He also noted that the government had adopted a sustainable development agenda, adding that no budget had previously done so.
Rural Development Minister Datuk, Dr. Abdul Latiff Ahmad, pointed to the allocations for rural development, which emphasized reducing the gap between urban and rural development.
He also spoke about the RM10.19bil allocation, which included RM3.533bil for management and RM6.757bil for development, which represented an increase of RM431 thousand or 4.42% from the 2020 Budget allocations, he said.
“With this allocation, more development projects will be carried out in rural areas not only in terms of infrastructure, but also in terms of the economy and human capital.
“This also supports socio-economic development and creates a prosperous rural living environment as outlined in the Rural Development Policy 2030,” he said.
Abdul Latiff said that under the development allocation, RM2.32bil was for the development of basic infrastructure in rural areas, such as electricity and water supply and roads, especially for Sabah and Sarawak.
“This is RM169.3mil or 7.8% more compared to the previous allocation,” he added.
He also said that RM2bil had been allocated for Mara sponsorship programs that would benefit 50,000 students, including 21,000 new students.
Regarding the development of orang Asli, he said that RM 236.2 million had been set aside for infrastructure, economic and human capital development programs, among others.
[ad_2]
