Govt won’t raise tax even as trade war halts fiscal plan, Guan Eng says

Finance Minister Lim Guan Eng said the government will spend within its means and won’t add taxes just to fund certain infrastructure projects.

KUALA LUMPUR: Malaysia’s finance minister said the government won’t raise taxes unnecessarily even as the trade war between two of its largest trading partners hampers Malaysia’s goal of achieving a balanced budget.

The government will spend within its means and won’t add taxes just to fund certain infrastructure projects, Finance Minister Lim Guan Eng said in a Bloomberg Television interview with Haslinda Amin, after announcing the 2020 budget Friday.