The federal government will strive to find a "balance and equilibrium" before imposing higher taxes on citizens, Finance Minister Lim Guan Eng said today.

While there is a need to increase taxes, Lim said the government would find a "balance" so as to not impact the people too drastically.

The government would seek an "equilibrium" so as not to cause too much of an impact on people's lives, which would not be easy...