The Barclays report said that Malaysia is delaying implementation of the expanded sales and service tax, which is not a cause for financial concern. The measure was announced in last year's budget and is now scheduled to be implemented starting July 1 instead of May 1. However, the bank said that this delay is unlikely to seriously jeopardize the government's target of reducing the budget deficit to 3.8% of GDP this year. According to monthly financial data, in the first four months of this year, the Malaysian government's fiscal deficit was 30.7 billion ringgit. This is lower than 40 billion ringgit in the same period last year, and is not particularly unreasonable compared to the annual target of 80 billion ringgit.

Zhitongcaijing · 06/10 05:01
The Barclays report said that Malaysia is delaying implementation of the expanded sales and service tax, which is not a cause for financial concern. The measure was announced in last year's budget and is now scheduled to be implemented starting July 1 instead of May 1. However, the bank said that this delay is unlikely to seriously jeopardize the government's target of reducing the budget deficit to 3.8% of GDP this year. According to monthly financial data, in the first four months of this year, the Malaysian government's fiscal deficit was 30.7 billion ringgit. This is lower than 40 billion ringgit in the same period last year, and is not particularly unreasonable compared to the annual target of 80 billion ringgit.