Let’s be honest now, almost everyone has been feeling the pinch from the implementation of the Goods and Services Tax (GST). It’s a struggle that we’ve been dealing with since April 2015 as it affected other daily expenditures for Malaysians from all walks of life including basic transportation fares and other logistical costs.
Which in turn set off a domino effect, affecting the F&B and professional services industry as well.
Last week, he had explained that with the money collected from GST, people could continue to enjoy financial aid, indirect or hidden subsidies such as low fees for medical services at government hospitals, and free basic education for children.
Earlier, Najib chaired 3 meetings with analysts, economists, captains of industry and Special Economic Committee to seek their views on the proposed recalibration of Budget 2016.
Sources: The Star Online, Bernama via TMI / Featured image from entrepreneur.com.
