“Much as we want to delay it, we have no choice. I know there are still so many questions about the (SST) formula,” he said.
He said if it’s not implemented by September 1 the country would face an operating expenditure deficit as Malaysia will be short of RM4 billion.
He said with the deficit, the revenue collected will be insufficient to pay operating expenses such as salaries of civil servants and maintenance of offices.
“We can’t afford to suffer that,” he said during a media briefing on the SST.
Lim said in the meantime, the government will continue to hold discussions with businesses and all other relevant parties nationwide to get their feedback and continue to improvise the list of exemptions.
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Guan Eng admits ‘rush’ in SST rollout, says to finance govt operations
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By By Reena Raj
Thursday, 30 Aug 2018 12:31 PM MYT
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