Page 67 - PH Manifesto English

PILLAR 3: SPUR SUSTAINABLE AND EQUITABLE ECONOMIC

GROWTH

Malaysia once enjoyed economic growth of up to 8-9 per cent a year

but now the growth rate is lower. Even worse, the inequality gap is getting

worse, with the rich growing richer but ordinary people facing more
difficulties. Those in the top 20 percent can live in comfort, but, workers and

the common people as well as those who are in the B40 cluster are left out.

The country is growing but only a small group is enjoying the benefits. The

country's top leaders live a lavish lifestyle, far from the daily challenges that

ordinary folks have to experience.

This situation needs to be corrected. Outrageous inequality can lead to a

dysfunctional society and can produce a negative impact on national
harmony. National development must occur in a sustainable way so that we

can pass to our future generations a well-kept environment.

Pakatan Harapan will reform the country’s economic structure so that

confidence and credibility will return, and the people as a whole can reap
the benefits of development. The best way to stimulate the economy is to

return the people's money into their own pockets, not take the money to put

into the pockets of cronies and the already-rich. Once the money is returned
to the people, they will spend the money according to their own needs,

thereby contributing significantly to domestic economic growth, create new
job opportunities and attract more investments. This is the form of economic

growth which will really benefit the most people.

Pakatan Harapan believes that the people’s socioeconomic status need to be

uplifted and the country's wealth must be shared in a fair and equitable

manner. Reducing inequality is of utmost importance. This will ensure the

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