Fiscal deficit target of 3% achievable


Johan says there are various ways to expand the revenue base apart from the widely-discussed GST.

IN an interview with StarBizWeek post-Budget 2024, Treasury secretary-general Datuk Johan Mahmood Merican candidly answered several pressing questions from taxes that received criticisms to the matters that the budget has missed out.

The top bureaucrat of the Finance Ministry also acknowledged that the government can achieve its medium-term fiscal deficit target of 3% even without the goods and services tax (GST).

Subscribe now and receive FREE sooka plan for 1 month.
T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

   

Next In Business News

ABM welcomes GX Bank, Boost Bank as new members
Khee San to raise up to RM96.1mil from rights issue
Ringgit ends firmer against greenback amid heightened uncertainty as US election looms
Elridge Energy inks 15-year biomass fuel contract with Japanese trading firm
Bintai Kinden unit bags RM61.22mil construction job in Melaka
MCE, Chuhang ink MoU to develop automated driving radar
Bursa Malaysia ends higher lifted by plantation, construction stocks
Revenue to dispose of Innov8tif stake for RM40mil
MN Holdings' new job wins bring orderbook to all-time high of RM625.8mil
Bina Puri unit secures RM113.29mil contract for Sarawak water supply project

Others Also Read