MP SPEAKS According to Bloomberg , the government has emailed a statement to reiterate that “Malaysia remains committed to trimming the deficit to 3 percent of gross domestic product by 2015 and won’t let state debt exceed 55 percent of GDP” and, at the same time, “it still plans to reduce subsidies and broaden the tax base”.  

This statement was made in response to the Fitch Ratings revision of Malaysia’s outlook to ‘negative’.

We call upon premier Najib Abdul Razak not to punish Malaysians with a Goods and Services Tax (GST) for the wastage, leakages and corruption which has caused the country to suffer a record 15 continuous years’ budget deficit and sky-rocketing federal government debt.