Kuala lumpur: The government will not embark on mega projects that have limited impact on the majority of the people in the near future after taking into account global economic uncertainties, said Finance Minister II Datuk Seri Amir Hamzah Azizan.

According to BERNAMA News Agency, the government's approach is to channel spending into programmes that truly benefit the lives of the people, such as repairing schools and rural clinics, which also generate economic spillover and create business opportunities for micro, small, and medium enterprises (MSMEs). Amir Hamzah emphasized this strategy during his speech while winding up the debate on the 13th Malaysia Plan (13MP) for the Ministry of Finance (MoF) in the Dewan Rakyat.

Amir Hamzah also stated that the improved growth prospects during the 13MP will be supported by public investments with a commitment of RM611 billion. This includes a development expenditure allocation of RM430 billion, domestic direct investment by government-linked companies and government investment companies amounting to RM120 billion, and the implementation of public-private partnership projects totaling RM61 billion.

He further mentioned that although the fiscal space inherited is limited, the MADANI government has made the best use of all available resources to enhance the well-being of the people despite increasingly challenging global economic conditions. Governance improvement measures have been introduced to ensure every cent collected is spent prudently, thereby attracting more investment to Malaysia and improving the standard of living and livelihoods of the people.