Finance minister II: Govt shelves mega projects, to prioritise schools, rural clinics and welfare

AI Summary

Malaysia's government will prioritize spending on programs directly benefiting citizens, such as school and clinic repairs, over large-scale projects due to global economic uncertainties. Finance Minister II Datuk Seri Amir Hamzah Azizan emphasized this focus during the 13th Malaysia Plan debate. The plan includes RM611 billion in public investments, encompassing development expenditure, investments by government-linked companies, and public-private partnerships. Despite limited fiscal space, the government aims to maximize resource utilization to improve living standards and attract investment through improved governance.