KUALA LUMPUR, Oct 16 — The federal government’s recent move to rationalise diesel subsidies by moving away from blanket subsidies towards a more targeted measure is the first...
Bandar Menjalara's Mangkuk by GC will rock your world with their awesome 'hong bak' and tomato 'masala' fishTreasury secretary-general Datuk Johan Mahmood Merican delivers his speech during the Belanjawan 2024 post-Budget debate at Sime Darby Convention Centre October 16, 2023.
“So diesel is certainly the one with a clear case of leakage where the commercial sector is not using it for its intended purposes.“So that is the rationale behind the sequencing of what we announced and certainly, it is not the case we are not proceeding with petrol subsidies, but we thought it was important to focus on the immediate term.
He said whilst the GST is ultimately the most efficient and transparent tax system, there is some element of it being regressive in nature when asked whether the government would consider reintroducing GST at a much lower rate than raising the rates of SST.
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