KUALA LUMPUR, May 13 — Prime Minister Tun Dr Mahathir Mohamad has brushed aside claims that the country’s revenue would decrease should the Goods and Services Tax (GST) be abolished.
“The lack of funds in the government is not because of insufficient income, the current (national) income is three times higher than during my time as prime minister (before).
“However, funds were misused. They were used to buy support for (former prime minister) Datuk Seri Najib Razak. This is why we have less money,” he said at a briefing session to RTM and Bernama at his residence in Seri Kembangan here today.
Dr Mahathir said that he was confident that the country would have enough money with good financial management.
The government could also reduce its spending by discontinuing or delaying unimportant projects, he said.
In addition, Dr Mahathir also emphasised the importance of increasing purchasing power than raising the salaries of civil servants.
“If we raise salaries but (at the same time) the prices of goods increase, those with the extra income will not be able to live more luxuriously than before.
“That is why we want to look at the effect on cost each time salaries are raised,” he said.
On the price mechanism for fuels, Dr Mahathir said the government would maintain the weekly determination of retail prices of petrol and diesel while studying other mechanisms.
“We (will) look at other mechanisms to determine whether the pricing will be based on global oil prices or our productivity,” he added. — Bernama
https://www.malaymail.com/s/1630397/revenue-will-not-drop-if-gst-removed-says-dr-m
Created by savemalaysia | Aug 26, 2024
Created by savemalaysia | Aug 26, 2024
Created by savemalaysia | Aug 26, 2024
Created by savemalaysia | Aug 26, 2024
Created by savemalaysia | Aug 26, 2024
msia soon will have real foreign funds flowing in,not like jibby's time,most of the funds are from offshore a/c which is owned by msian cronies.
2018-05-14 01:18
Cybertrooper detected. Posting the same criticism on new govt endlessly, recklessly, & blindly 24/7 after bee-end ruling was over. An attempt to spark fire into the people's heart towards the new govt? (face palm)
Disappointed, should be. Frustrated? maybe... these are typical negative-thinking scumb*gs who was a total looser, upset after their favorite dictator was brought down.
2018-05-14 04:37
Winning election = winning popularity contest. Doesn't mean they no how economy works. Mahathir has squandered a lot during his time.
2018-05-14 06:20
Doesn't mean they understand how economy works. Mahathir has squandered a lot during his time.
2018-05-14 06:22
Don't counter facts and rationale with name callings. It just show you have a lazy brain or a stupid brain.
2018-05-14 06:23
Remove GST=Most companies start to go back to old days and under declare income to avoid paying tax. Corporate tax=reduce, income from GST=gone, Maybe this time cost of living goes up due to SST because SST will be enforced much more strictly.
2018-05-14 07:08
apolloang
just catch taib,confiscate his assets and return to the rakyat of sarawak
2018-05-13 23:49