Anwar Announces RM200m Budget Increase For TVET Programs

Anwar Announces RM200m Budget Increase For TVET Programs. In a significant move to enhance Malaysia’s technical and vocational education landscape, Prime Minister Datuk Seri Anwar Ibrahim has approved an additional RM200 million in funding for Technical and Vocational Education and Training (TVET) programs. This strategic decision aligns with the government’s vision to boost the number of technically skilled workers and transform Malaysia into a technological powerhouse.
Budget Overview
During the launch of the National TVET Week, Prime Minister Anwar announced that the new funding would increase the total budget for vocational training programs to nearly RM8 billion. This substantial allocation underscores the government’s commitment to making TVET a cornerstone of its education policy.
Key Areas Of Focus
Prime Minister Anwar emphasized the importance of TVET in several high-priority sectors, including:
- Electric Vehicles: Developing expertise in the rapidly growing field of electric vehicle technology.
- Cyber Security: Addressing the increasing demand for cyber security professionals.
- Artificial Intelligence: Advancing skills in AI to support Malaysia’s technological growth.
- Advanced Materials: Fostering knowledge in cutting-edge materials science.
- Electrical Technology: Enhancing skills in electrical technology for various applications.
- Agricultural Mechanisation: Modernizing farming techniques and machinery.
Anwar’s vision includes leveraging TVET to support these emerging fields and others, reinforcing the country’s ambition to lead in technological innovation.
Funding Allocation
Under Budget 2024, Prime Minister Anwar, who also serves as Finance Minister, allocated RM6.8 billion specifically for TVET development programs. This budget is the largest ever for TVET initiatives, highlighting the government’s focus on vocational and technical education.
A significant portion of this funding will be directed to Human Resource Development Berhad (HRD Corp), which is set to utilize up to RM1.6 billion. This investment aims to create 1.7 million training opportunities, covering:
- Retraining and Skill Improvement: Programs designed to enhance the skills of micro, small, and medium enterprise (MSME) entrepreneurs.
- Training for Special Groups: Initiatives to train or upskill former convicts, disabled individuals, seniors, and retirees.
Addressing Workforce Challenges
TVET is seen as a critical solution to Malaysia’s workforce challenges. With two million out of 15.5 million workers classified as underemployed, many of whom are young and possess university degrees, TVET offers practical skills and vocational training that can lead to better employment opportunities.
By providing targeted training in specialized trades and professions, TVET programs aim to fill the gap between the skills of the workforce and the needs of the job market.
Challenges And Criticisms
Despite the significant investment in TVET, graduates often face challenges such as low pay, which analysts suggest might be a deterrent to enrolling in TVET programs. Addressing these concerns is crucial to ensuring that TVET remains a viable and attractive career path for students.
Conclusion
The additional RM200 million in funding announced by Prime Minister Anwar represents a bold step towards strengthening Malaysia’s TVET sector and aligning it with the country’s technological ambitions. By investing in vocational and technical education, the government aims to equip the workforce with the skills needed for the future, drive economic growth, and enhance Malaysia’s global competitiveness in technology and innovation.