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Govt sets up two committees to juggle between growth and spending cut


PETALING JAYA: The Government is establishing two new committees – the Public Finance Committee (PFC) and the Tax Reform Committee (TRC) – as it strives to lower the fiscal deficit without hurting economic growth.

Finance Minister Lim Guan Eng (pic) said the PFC would outline the Government’s medium-term fiscal plans and become the platform for balancing the need for fiscal consolidation with the necessity of spending to stimulate growth and raise the living standards of the rakyat.

   

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