KUALA LUMPUR, Oct 30 (Bernama) -- The government plans to reform federal development expenditure by moving away from a historical spending-based approach towards a model that prioritises equity and efficiency to narrow regional productivity gaps.
Govt Plans To Reform Development Expenditure Allocation Based On States’ Needs
Parliament, Economy Ministry, development expendit
BE Bernama 
Key takeaways
The government plans to reform federal development spending to focus on equity and efficiency, addressing regional productivity gaps.
- The reform shifts from historical spending to a needs-based model for development allocations.
- The goal is to reduce productivity gaps between less-developed and more-developed states.
- Federal funds will target infrastructure, technology, and labor market issues in underdeveloped regions.
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