diff --git a/waspc/waspc.cabal b/waspc/waspc.cabal
index c3e848a3dc..48d0ccb1c6 100644
--- a/waspc/waspc.cabal
+++ b/waspc/waspc.cabal
@@ -6,7 +6,7 @@ cabal-version: 2.4
 --    Consider using hpack, or maybe even hpack-dhall.
 
 name:           waspc
-version:        0.4.0.0
+version:        0.5.0.0
 description:    Please see the README on GitHub at <https://github.com/wasp-lang/wasp/waspc#readme>
 homepage:       https://github.com/wasp-lang/wasp/waspc#readme
 bug-reports:    https://github.com/wasp-lang/wasp/issues