Shared Prosperity Vision 2030 ( ms, Wawasan Kemakmuran Bersama 2030), (abbreviated SPV 2030 or WKB 2030) is a government blueprint released in 2020 by the

Government of Malaysia The Government of Malaysia, officially the Federal Government of Malaysia ( ms, Kerajaan Persekutuan Malaysia), is based in the Federal Territory of Putrajaya with the exception of the legislative branch, which is located in Kuala Lumpur. Mala ...

for the period of 2021 to 2030 to increase the incomes of all ethnic groups, particularly the

Bumiputera Bumiputera or Bumiputra, which is a Malay word, comes from the Sanskrit word ''Bhumiputra'' which may be transliterated as "son of earth" or "son of the soil" (Bhūmi; भूमि = earth; putra = son). It has different definitions in Brunei and M ...

comprising the B40 (lower income group), the hardcore poor, the economically poor, those in economic transition, Orang Asli,

Sabah Sabah () is a state of Malaysia located in northern Borneo, in the region of East Malaysia. Sabah borders the Malaysian state of Sarawak to the southwest and the North Kalimantan province of Indonesia to the south. The Federal Territory o ...

and

Sarawak Sarawak (; ) is a state of Malaysia. The largest among the 13 states, with an area almost equal to that of Peninsular Malaysia, Sarawak is located in northwest Borneo Island, and is bordered by the Malaysian state of Sabah to the northeast, ...

bumiputeras, the disabled, youths, women, children and senior citizens.

Background

The plan for the shared prosperity vision had been addressed and officially launched on 5 October 2019 by Prime Minister Mahathir Mohamad following the unsolved large economic gap among the Bumiputera with the failure of fair development and distribution towards the country's demographics due to widespread corruption practices and

abuse of power Abuse is the improper usage or treatment of a thing, often to unfairly or improperly gain benefit. Abuse can come in many forms, such as: physical or verbal maltreatment, injury, assault, violation, rape, unjust practices, crimes, or other t ...

among Bumiputera politicians and state servants which subsequently hindered many past visions for the country's development. The blueprint also created to upskill Bumiputera Malaysians in various sectors of the country with the country's Prime Minister ensuring that any development taken under the blueprint in both

and

will not violate native customary rights (NCR) land in the respective territories.

Reception

According to the executive director of Socio-Economic Research Centre Lee Heng Guie, Malaysia is positioned at a critical juncture as the country's aspiration of becoming a developed

high-income A high-income economy is defined by the World Bank as a nation with a gross national income per capita of US$12,696 or more in 2020, calculated using the Atlas method. While the term "high-income" is often used interchangeably with " First World" ...

country by 2023 is being challenged by many structural impediments and weaknesses domestically as well as increasing complexity in the external environment, with decisive and bold reforms needed in ensuring sustainable and inclusive economic growth in the longer term - where he added that the success can be achieved only if the plan is executed efficiently. Nevertheless, the blueprint which emphasises equal opportunities for all Malaysians (including non-Bumiputeras) has sparked concern among some Bumiputeras as to whether their interests and rights would still be protected, while some other quarters questioning PH's earlier promise of equal rights when affirmative action is still implemented. This was subsequently responded by the Economic Affairs Deputy Minister Senator Dr

Mohd Radzi Md Jidin Mohd Radzi bin Md Jidin ( Jawi: محمد راضي بن محمد جيدين‎; born 4 September 1977) is a Malaysian politician and forensic accountant who served as Senior Minister of the Education and Social Cluster and as Minister of Educat ...

who explained that the new policy does not sideline the Bumiputera agenda at all but emphasises the outcome for Bumiputeras although the Senator still declined the policy is solely a race-based policy where he still claimed it is based on needs and narrowing the economic gap in the context of income irrespective of race. Home Minister

Muhyiddin Yassin Tan Sri Dato' Haji Mahiaddin bin Md Yasin (born 15 May 1947), commonly known as Muhyiddin bin Muhammad Yassin ( ms, محيي الدين بن محمد ياسين, label= Jawi, script=arab, italic=unset; ), is a Malaysian politician who serv ...

also assured that under the blueprint, the government will takes a more inclusive approach in addressing economic disparity unlike previous race-based economic policies. Meanwhile, former Prime Minister Najib Razak criticise the PH's government over the alleged miscalculation for the target of Malaysia's

gross domestic product Gross domestic product (GDP) is a monetary measure of the market value of all the final goods and services produced and sold (not resold) in a specific time period by countries. Due to its complex and subjective nature this measure is oft ...

(GDP) to reach RM3.4 trillion by 2030 under the vision although it was debunked by Economic Affairs Minister

Mohamed Azmin Ali Mohamed Azmin bin Ali ( Jawi: محمد عزمين بن علي; born 25 August 1964) is a Malaysian politician who served as Senior Minister of the Economic Cluster and as Minister of International Trade and Industry from 2020 to 2022. A memb ...

who said it was Najib "confusion". Rural Development Minister of Sabah, Ewon Benedick said the federal government's blueprint should be translated into return of

revenue In accounting, revenue is the total amount of income generated by the sale of goods and services related to the primary operations of the business. Commercial revenue may also be referred to as sales or as turnover. Some companies receive reven ...

and autonomy to Sabah as enshrined in the 1963 Malaysian Agreement and Federal Constitution especially the return of two-fifths or 40% net revenue received by the federal government from Sabah as provided in Article 112C and the 10th Schedule of the Federal Constitution. He added that the

Prime Minister A prime minister, premier or chief of cabinet is the head of the cabinet and the leader of the ministers in the executive branch of government, often in a parliamentary or semi-presidential system. Under those systems, a prime minister i ...

Deputy Prime Minister A deputy prime minister or vice prime minister is, in some countries, a government minister who can take the position of acting prime minister when the prime minister is temporarily absent. The position is often likened to that of a vice president ...

Cabinet Cabinet or The Cabinet may refer to: Furniture * Cabinetry, a box-shaped piece of furniture with doors and/or drawers * Display cabinet, a piece of furniture with one or more transparent glass sheets or transparent polycarbonate sheets * Filing ...

and '' Dewan Rakyat'' members having taken their

oath Traditionally an oath (from Anglo-Saxon ', also called plight) is either a statement of fact or a promise taken by a sacrality as a sign of verity. A common legal substitute for those who conscientiously object to making sacred oaths is to g ...

and declared to uphold, safeguard and defend the constitution in discharging their duties therefore it is not only their moral responsibility, but the duty of the entire federal cabinet to carry out the oath and pledge as contained in the constitution by returning what is owed to the state.

Background

Reception

See also

References

Further reading