Temporary cut in GST possible if M'sian economy continues to weaken

Kuala Lumpur

PUTRAJAYA is not expected to increase the goods & services tax (GST) but to maintain the rate at 6 per cent in the coming budget. Still, if the economy continues to deteriorate next year, urgent fiscal stimulus will be required and as options are limited, AllianceDBS Research is of the view a temporary reduction should not be discounted.

An online survey conducted by the prime minister's web portal ahead of Budget 2017 - to be tabled on Oct 21 - revealed living costs, housing and urban issues, and healthcare as the top concerns.