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
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, ...
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.
See also
*
Vision 2020
*
National Transformation 2050
References
Further reading
*
*
*
{{DEFAULTSORT:Shared Prosperity Vision 2030
Economy of Malaysia
Public policy in Malaysia
Malaysian political slogans
Society of Malaysia
Social history of Malaysia
2030
Malaysia
Malaysia ( ; ) is a country in Southeast Asia. The federation, federal constitutional monarchy consists of States and federal territories of Malaysia, thirteen states and three federal territories, separated by the South China Sea into two r ...