Household income to triple by 2030

Date:

KUCHING:The Sarawak governmentis on track to triple the average household income from the current RM5,000 to RM16,000 per month by 2030.

Chief Minister Datuk Patinggi Abang Johari Tun Openg said while gross domestic product (GDP) growth is a key indicator of economic growth, more importantly is how it could be translated to every Sarawakians.

“Our focus will not be only on growing GDP but also how the growth is translated to every Sarawakian.

“We want to significantly increase the average household income from the current RM5,000 to RM16,000 per month by 2030, which will put Sarawak ahead of Malaysia as a whole,” he said at an International Digital Economy Conference Sarawak (Idecs) 2020 held at Borneo Convention Centre Kuching (BCCK) today.

Abang Johari said towards realising this target, the state government would help private sectors grow their respective industries and expect them to respond by investing in the various sectors.

The chief minister also stressed that while development remained rife, no members of the community must be left behind.

“The history of previous industrial revolutions suggests that if factors related to social inequality are not appropriately addressed, then there is a risk of social and digital divide.

“I want our initiatives and projects to be people or community-centric. The distribution of wealth to the community must be equitable in both urban and rural settings. Income gap will need to be reduced with an improved Gini-coefficient,” he said.

Abang Johari said while the current low-income household percentage in Sarawak stood at 53 percent, it needed to be addressed holistically.

“In 10 years, we will have to reduce this (low-income household percentage) significantly. For every Sarawakian, access to social services will need to be improved.

“We also must not forget the vulnerable segments of our society. Everyone, including our special needs community, will be taken care of,” he asserted.

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