Sunday, September 5, 2010

NEM Part 2 To Be Published Next Month

When the New Economic Model document was first published back in March, it was criticised for being short on details. We were told that Part 2 of the plan would rectify that – well the countdown has begun:

Najib gets second part of NEM report

PUTRAJAYA: Prime Minister Datuk Seri Najib Tun Razak has received Part 2 of the New Economic Model (NEM) report from the National Economic Advisory Council (NEAC).

NEAC chairman Tan Sri Amirsham Abdul Aziz handed the report to Najib at the Prime Minister’s Office here yesterday.

The report titled “New Economic Model for Malaysia – Part 2: Strategic Policy Measures”, will be released to the public next month in the form of an Economic Transformation Prog­ramme (ETP) report, the Prime Minister’s Office said in a statement yesterday. It said the ETP report would spell out government plans and proposals for the 12 National Key Economic Areas (NKEAs).

It’s been a looong time coming, but once we get into the detailed implementation plans, that’s when the real public policy debate will begin. I rather suspect the timing will be closer to early October rather than late, as that will give a (short) lead time for any feedback to be included in the 2011 government budget program, which is due to be tabled at the end of next month.

Stay tuned.

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