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GST abolishment without adjustment is credit negative, says Moody's

Mimi Sabreena 3:06:00 PM Informasi

KUALA LUMPUR (May 17): Moody’s Investors Service has reiterated its view that the Pakatan Harapan government’s plans to abolish the goods and services tax (GST), if implemented without adjusting measures, is credit negative.

“The extent to which offsetting measures, if any, will help recover the revenue loss from GST, will allow us to determine the exact impact on Malaysia’s fiscal position, going forward,” Moody’s vice president and senior analyst Anushka Shah said in a statement today.

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