RMKe-11
"Anchoring Growth on People”
Highlights

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Unlocking the potential of productivity to ensure sustainable and inclusive growth;
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Promoting investment to spearhead economic growth;
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Increasing exports to improve trade balance; and
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Enhancing fiscal flexibility to ensure sustainable fiscal position.
Key Facts & Figures

Real GDP by Kind of Economic Activity 2010 - 2020

Real GDP by Expenditure 2010 - 2020

SIX (6) GAME CHANGERS IN THE RMKe-11 PERIOD
1. Unlocking the potential of productivity
- Approach to productivity will shift from Government-driven to targeted actions across the public sector, industry players and individual enterprises with champions identified as role models.
- Labour productivity to increase from RM77,100 per worker in 2015 to RM92,300 in 2020.
2. Uplifting B40 households towards a middle-class society
- The size and composition of middle-class society will grow to 45% share by 2020 (2015:40%).
- Mean income of the B40 households will double to RM5,270 in 2020 from RM2,537 in 2014.
- B40 family members with tertiary education to increase from 9% in 2014 to 20% in 2020.
- Income share of B40 to national household income to increase from 16.5% in 2014 to 20% in 2020.
3. Enabling industry-led Technical and Vocational Education and Training (TVET)
- Harmonising and streamlining how the system currently operates to reduce fragmentation across the various public and private stakeholders.
- 60% of the 1.5 million jobs created will require TVET-related skills
- Increase annual intake gradually from 164,000 in 2013 to 225,000 in 2020.
4. Embarking on green growth
- A fundamental shift away from “grow first, clean up later” development model towards one that views resilient, low-carbon, resource-efficient and socially inclusive development as an upfront investment
5. Translating innovation to wealth
- Strengthening of relational capital by improving collaboration among stakeholders. Innovation to be targeted at enterprise and societal levels.
6. Investing in competitive cities
- City competitiveness Master Plan will be developed initially for four major cities, based on key principles that increase liveability and stimulate economic growth.
To support the delivery of the 6 strategic thrust and 6 game chargers:
TRANSFORMING PUBLIC SERVICE FOR PRODUCTIVITY
- Enhance service delivery by prioritising citizens
- Rationalising public sector institutions for greater productivity and performance
- Strengthening talent management for future public service
- Enhancing project management for better and faster results
- Capitalising on local government for quality services at the local level
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Unlocking the potential of productivity to ensure sustainable and inclusive growth;
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Promoting investment to spearhead economic growth;
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Increasing exports to improve trade balance; and
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Enhancing fiscal flexibility to ensure sustainable fiscal position.
MEASURES FOR SMEs IN RMKe-11

Other Measures Related to SMEs

Implication on SMEs
RMKe-11 will focus on developing resilient and sustainable SMEs to achieve inclusive and balanced growth. The contribution of SMEs across all sectors is targeted to increase to 41% of GDP by 2020 with an average annual growth rate of 9.3%. The development of SMEs in the RMKe-11 period will be based on the SME Masterplan (2012-2020) initiatives namely the implementation of the 6 High Impact Programmes and the other supporting initiatives of the Plan.
Economics and Policy Planning Division
SME Corp. Malaysia
21 May 2015