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GST refund shortfall at RM19.3b, bigger than previously stated, says Guan Eng
savemalaysia
Publish date: Mon, 13 Aug 2018, 02:16 PM
KUALA LUMPUR (Aug 13): The actual shortfall in the goods and services tax (GST) refund trust account was actually bigger at RM19.3 billion as at May 31 this year, according to Finance Minister Lim Guan Eng, who corrected his previous statement and apologised to the Dewan Rakyat today.
Subsequent to the Ministerial Question Time today, Lim said the error was because Ministry of Finance officers mistakenly placed the decimal point to the amount left in the Trust Account.
"Thank you for allowing me to make this correction. Actually, the amount left in the Refund Trust Account was about RM148.6 million only, and not RM1.486 billion as announced last week. This was due to unintentional mistake of placement of decimal point by officers from my office," he said.
Therefore, Lim said the shortfall in the said account, since 2015, is actually bigger at RM19.248 billion, as compared to the RM17.911 billion he stated last week, because the previous federal government failed to transfer the amount of money to the GST Refund Fund Trust Account.
"I wish to apologise on such mistake. We thought it is better to be transparent, honest and straight forward than to hide things like the previous government. The amount arrears were due to federal government's weak cash flow, which resulted from lack of fiscal discipline, widespread wastages and substantial debt," he said.
"Actually, what the former administration did was forgery of accounts and misappropriation of arrears in tax refund for other purposes or to close deficit, to present a better situation, this is still true, thank you," he added.
http://www.theedgemarkets.com/article/gst-refund-shortfall-rm193b-bigger-previously-stated-says-guan-eng
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Discussions
Be the first to like this. Showing 12 of 12 comments
Guan Eng still best in talking loud, or instead knowing how to "talk loud" only.
He is actually acting like an AUDITOR rather than finance minister.
2018-08-13 15:18
Menteri kewangan baru sama standard ahmad maslan.pakar penipu no 1 malaysia.
2018-08-13 21:27
NOT TRUE LOH...!!
MSIAN PEOPLE VERY NAIVE, EASILY MANIPULATED MAH...!!
IF NOT, HOW BN CAN RULE FOR 60 YRS, WITH RAMPANT CORRUPTION LEH ??
LGE IS RIGHT TO SHOUT VERY LOUD & WIDE LOH...!!
THE PUBLIC HAVE THE RIGHT TO KNOW LOH...!!
Posted by Hope Raider > Aug 13, 2018 09:43 PM | Report Abuse
What rakyat want to see is for the culprits to be charged in court! Just look at how Najib nailed Anwar to jail! Najib didn't have to huuhoo and make loud noise, he just let court do everything! So LGE better do the right thing, if indeed 18 billon missing, do forensic investigation! Find the culprits and dump them in jail! Don't be cry wolf boy! After 5 years, if no one charged, he will lose all his credibility!
2018-08-13 21:52
Sebahagian orang melayu bebal dan majoriti rakyat malaysia pilih ph utk bawa kebaikan pada rakyat keseluruhannya.apa yg berlaku ialah setiap hari salahkan bn utk tidak tunaikan manifesto dan sentiasa berfikir utk menipu rakyat.sebelum berkuasa seolah2 pemimpin ph pandai tetapi setelah diberi peluang memerintah nampak gaya kebih teruk dari bn..projek2 biawak hidup spt kereta nasional ke3 dibuat tanpa berfikir beban kpd rakyat yg semestinya merugikan .Ph mesti ingat jika mereka hilang kuasa selepas ini jgn disalahkan rakyat malaysia yg telah beri peluang kpd kamu.
2018-08-13 22:05
LU MANYAK BODOH...OLANG BN TIPU LU....20 TAHUN BUAT TAK TAHU LOH...!!
BILA...PH AMBIL KUASA KERJA 3 BULAN...LU CAKAP OLANG TIPU LOH...!!
INI LAH....OLANG KATA BODOH...TAK ALA BOLA LOH...!!
Posted by mansaham1972 > Aug 13, 2018 10:05 PM | Report Abuse
Sebahagian orang melayu bebal dan majoriti rakyat malaysia pilih ph utk bawa kebaikan pada rakyat keseluruhannya.apa yg berlaku ialah setiap hari salahkan bn utk tidak tunaikan manifesto dan sentiasa berfikir utk menipu rakyat.sebelum berkuasa seolah2 pemimpin ph pandai tetapi setelah diberi peluang memerintah nampak gaya kebih teruk dari bn..projek2 biawak hidup spt kereta nasional ke3 dibuat tanpa berfikir beban kpd rakyat yg semestinya merugikan .Ph mesti ingat jika mereka hilang kuasa selepas ini jgn disalahkan rakyat malaysia yg telah beri peluang kpd kamu.
2018-08-13 22:15
LU CAKAP MANYAK SEAKARANG APA GUNA LOH....!!
LU CAKAP MANYAK 20 THAHUN DULU ALA GUNA LOH...!!
TAPI LU TAK ALA BOLA CAKAP BENAR 20 TAHUN DULU LOH...!!
2018-08-13 22:26
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Please charge the former FM and his officers with CBT.
Company CEO/CFO who make such move may face CBT charges.
Why not apply it to the former FM and his officers?
2018-08-13 15:17