Analysts say fulfilling election pledges may raise fiscal deficit


Improving disposable income: Central among the pledges is the confirmation that the unpopular GST will be cancelled and replaced with the SST.

THE unprecedented electoral victory of the new “government-of-the-day” has put Malaysia in uncharted territory.

With the Pakatan Harapan administration now in power, concerns are now rising on whether the new ruling coalition will be able to continue the momentum set by its predecessor and deliver its election promises without hurting federal coffers.

Save 30% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Business , PH

Next In Business News

Australian dollar hovers near highs on many crosses, bonds rally
Oil prices recover, stocks wobble as investors weigh geopolitics, US data
Ringgit opens firmer against US$, major currencies
FBM KLCI falls as bearish momentum picks up
Samsung expects Q4 operating profit to triple to record high on chip shortage
Trading ideas: Hibiscus, A1, Paramount, Vantris, Tien Wah, LGMS, Oriental, Sentoria, Sinmah, Central Global, Kee Ming, Hock Soon, Adnex
S&P 500 ends lower, AI stocks buoy Nasdaq
REITs to gain from tourism, industrial growth
Bioeconomy Corp’s RM40bil contribution
Local glovemakers see steady profitability

Others Also Read