Ismail pours cold water over 12MP mid-term review

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Ismail pours cold water over 12MP mid-term review
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Ex-prime minister Ismail Sabri Yaakob questions the source for the additional RM15 billion allocation to 12th Malaysia Plan.

Ismail Sabri Yaakob questioned if the government intended to introduce new forms of taxes to increase its revenue in order to top up the RM15 billion, such as the goods and services tax .

“However, it was not explained in detail where this additional allocation of RM15 billion would come from,” the former prime minister was quoted as saying. He added that the government today had also set a fiscal deficit of 3.5% despite raising the 12MP expenditure ceiling. “Does this mean the government will not incur any further debt?”

“Eradicating hardcore poverty involves balanced development among different regions to ensure that economic distribution can be enjoyed by all parties,” he said.

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