GST best way to increase revenue, World Bank lead economist tells Malaysia

Apurja speaks during a press conference in Kuala Lumpur on Feb 3, 2023. — Malay Mail photo

KUALA LUMPUR (Feb 3): Malaysia needs to raise its revenue and the best way to do so is by implementing the goods and services tax (GST), the World Bank’s lead economist Apurja Sanghi said today.

He added that it is not by coincidence that 174 countries employ the consumption tax to fill their coffers.

“It is a mean and lean machine that mobilises revenue the best,” he told reporters at the launch of “Expanding Malaysia’s Digital Frontier”, the World Bank’s Malaysian economic report for February.