{"id":16330,"date":"2023-02-14T12:41:37","date_gmt":"2023-02-14T04:41:37","guid":{"rendered":"https:\/\/newmalaysiatimes.com\/?p=16330"},"modified":"2023-02-14T12:41:38","modified_gmt":"2023-02-14T04:41:38","slug":"no-plans-to-reinstate-gst-introduce-any-broad-based-consumption-tax-says-anwar","status":"publish","type":"post","link":"https:\/\/newmalaysiatimes.com\/?p=16330","title":{"rendered":"No plans to reinstate GST, introduce any broad-based consumption tax, says Anwar"},"content":{"rendered":"\n

KUALA LUMPUR, Feb 14<\/strong> — The government has no plans to reinstate\u00a0the Goods and Services Tax (GST)\u00a0or introduce any other broad-based consumption tax as a means of\u00a0addressing the national debt issue, said Prime Minister\u00a0Datuk Seri Anwar Ibrahim.<\/p>\n\n\n\n

Anwar, who is also finance minister, said other measures will be taken in the effort to reduce expenditures and settle the government\u2019s liabilities and debt worth RM1.5 trillion, which is equivalent to 82 per cent of the country\u2019s Gross Domestic Product. <\/p>\n\n\n\n

\u201cWhat we will tighten (in spending) is through subsidy reduction for the wealthy, such as that done\u00a0in terms of electricity subsidy.<\/p>\n\n\n

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\"tax\"<\/figure>\n<\/div>\n\n\n

\u201cAs I have explained in a previous session (in Parliament), while the previous government planned to raise electricity tariff rates, the present administration has aborted the plan and only decided to impose (subsidy reduction) on the T20 (top 20 per cent income) group as well as multinational and large companies, except those dealing with food security,\u201d he said during the Minister\u2019s Question Time in the Dewan Rakyat today. <\/p>\n\n\n\n

Anwar was responding to a supplementary question from Wong Kah Woh (PH-Taiping) on whether the government would introduce new taxes to ease the nation\u2019s debt burden.<\/p>\n\n\n\n

The prime minister said the government will also strengthen the administrative positions in view of billions of ringgit being lost due to weak administration and leakages. <\/p>\n\n\n\n

\u201cDue to the national debt being higher than the country\u2019s growth, other measures need to be taken including ensuring the revenue base is expanded and reviewing the public expenditure method without burdening the people, especially in the areas of education, health and basic needs. <\/p>\n\n\n\n

\u201cWe will consider all these matters when tabling Budget 2023 on Feb 24,\u201d he added. <\/p>\n\n\n\n

NMT<\/a> as reported by Bernama<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

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