Restore GST for fiscal stability

IT’S time for the Pakatan Harapan government to consider reinstating the goods and services tax (GST) as a means of strengthening market perception on the fiscal stability of the country, more so as it is now reviving stalled infrastructure and other projects and spending more on subsidy programmes to help the poor.

Most economists support the revival of government spending as it would facilitate the achievement of the growth and social objectives. However, this must be supported by a strong revenue base in order to be sustainable.