MELAKA (Oct 24): The National Cost of Living Action Plan 2030 (NCLAP30), launched by Prime Minister Datuk Seri Anwar Ibrahim on Saturday, outlines 429 measures under 35 strategies to ease cost-of-living pressures and improve the people's well-being.

Domestic Trade and Cost of Living Minister Datuk Armizan Mohd Ali said the five-year plan set two main priorities, namely increasing people's incomes and stabilising the prices of essential goods and services.

He said the plan would continue and improve existing initiatives, including those involving fiscal commitments, while introducing new measures to address cost-of-living issues.

The plan comprises eight strategic clusters, namely income, food, health, education, transport, housing, utilities and general matters. It also serves as a national framework for coordinating cost-of-living initiatives across ministries and government agencies through a whole-of-nation approach.

Implementation will involve cooperation with the private sector, non-governmental organisations (NGOs) and the public, he added.

Speaking to reporters here on Saturday, Armizan said NCLAP30 is aligned with the country's key policy directions, including the Madani Economic Framework and the 13th Malaysia Plan.

He also said the National Cost of Living Action Council (NACCOL) had been given a broader mandate to monitor the implementation of cost-of-living measures across ministries and government agencies.

Previously, the NACCOL focused on examining and considering new initiatives and issues related to the cost of living. Its responsibilities now also include monitoring the implementation of measures outlined in the plan.

“The aim is to ensure that all 429 cost-of-living measures are implemented as effectively as possible, in an orderly and targeted manner, without duplication, to achieve optimal outcomes,” he said.

Armizan said the plan was designed to remain dynamic and adaptable to domestic challenges, as well as global geopolitical and geoeconomic uncertainties.

He added that cooperation among the private sector, NGOs and the public would be crucial to ensuring that the initiatives benefit the people.

The launch ceremony was held at the Hang Jebat Sports Complex in Krubong here and was also attended by Deputy Domestic Trade and Cost of Living Minister Datuk Fuziah Salleh.

Uploaded by Tham Yek Lee