{{Short description|Economic development plan of Malaysia}} The '''First Malayan Five-Year Plan''' (1956 – 1960) was the first economic development plan launched by the [[Federation of Malaya|Malayan]] government just before independence in 1957. The colonial British government had concentrated available resources on fighting the [[Malayan Emergency|Malayan communist insurgency]] instead of developing the rural areas of Malaya. The Five Year Plan allocated substantial resources to agricultural and rural improvement, and was administrated by the Prime Minister's department. A total of 24% of all public expenditure alone was allocated by the Plan to develop agriculture in Malaya, and substantial sums were also made available for infrastructure development. <ref>Henderson, John William, Vreeland, Nena, Dana, Glenn B., Hurwitz, Geoffrey B., Just, Peter, Moeller, Philip W. & Shinn, R.S. (1977). ''Area Handbook for Malaysia'', p. 293. American University, Washington D.C., Foreign Area Studies. {{LCCN|771294}}.</ref>
== Background == Prior to its formal independence, Malaya has long been investing itself for a long term plan for its economic development post independence. In 1956, one year before Malaya gained its formal independence from the [[British Empire]], the First Malayan Plan was launched.<ref>[https://www.tiki-toki.com/timeline/entry/795566/Malaysias-Development-Plans-Policies-1956-Present/ Malaysia's Development Plans & Policies (1956 - Present)]</ref>
== References == {{reflist}}
[[Category:Economic history of Malaysia]] [[Category:Five-year plans of Malaysia]]
{{Malaysia-stub}}