Let's look into the reimplementation of GST for a better future

Photo: Filepic/The Star

As the Malaysian government works on keeping the economy afloat by injecting a series of stimulus packages to keep consumer spending alive and revitalise the economy, its public coffers will come under serious pressure as its fiscal deficit deepens, threatening to plunge the government into further debt in the midst of the Covid-19 pandemic.

In difficult times like these, one cannot help but look back retrospectively at how we could have done better. As we struggle with a weak fiscal balance, we ask ourselves whether we could have had better public revenue against public expenditure, which could have provided us with better financial firepower to fight the pandemic’s devastating effects on the economy.