National Development Plan Essay

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About two years ago, on March 31, 2006, government presented the Ninth Malaysia Plan as a forum for national five-year development plan for the period 2006-2010. The Plan outlines the direction of national development for the first five years of the second phase of Vision 2020. Thank God, thanks to the determination and resolve all walks of life in the performance of their respective obligations, we are not only able to maintain national stability and promote economic growth, but also continue to improve the country's competitiveness. This success is clearly evident through the many achievements we have realized in the past two years that have passed. Among others, we have been successful: Sustaining economic growth rate at an encouraging rate …show more content…

In particular, the service sector is expected to record a growth rate of 7.9 percent a year, led by the finance, insurance, real estate and business services. The manufacturing sector is expected to register a slower growth rate of 3.0 percent a year due to continued weak global demand for electrical and electronic products. However, the manufacturing industry for the domestic market is expected to grow rapidly, especially construction-related industries. The agricultural sector will also continue to be emphasized, especially food crops sub-sector to support the National Food Security Policy. The sector is expected to grow at 4.1 percent per annum. The construction sector is expected to continue to record strong growth with an average annual rate of 5.8 percent per year. The Government will also continue to focus on strengthening the financial position of the Government. In this regard, measures will be taken to enhance the revenue base to increase national income. The quality and efficiency of public service delivery will be improved, while aid to the poor and the needy will continue. Through the measures to strengthen the financial position, the Government is expected to maintain fiscal deficit of 3.2 percent of GDP in 2010, thus ensuring that the country's finances are managed in a prudent and flexible to face uncertainties, including the risk of recession in the

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