Malaysian Government is Going to Announce GST Strategy

Forex News

Zeti Akhthar Aziz (a senior adviser to the Malaysian government) stated that a strategy for removal of the goods and services tax (GST) would be announced within one hundred days. Zeti also said that in order to improve the fiscal stance, there would be a reprioritizing of projects, efforts to increase efficiency of the government, efforts to reduce wastage of public sector.

"What we will do well within the 100 days is to make an announcement of what we want to do and then it will be done by process, whether it has to go through parliament and get approval and so on," Zeti sateted.