News Formal

Finance Minister is accountable to Parliament with Fiscal Responsibility Act

  • 📰 staronline
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 75%

Business News News

Business Business Latest News,Business Business Headlines

IPOH: The police have arrested 97 individuals, mainly foreigners, believed to be involved in a call centre scam, at a vacation home on Pangkor Island.

KUALA LUMPUR: With the recently passed Fiscal Responsibility Act, the Finance Minister is now accountable to Parliament for hitting fiscal targets, says Datuk Seri Anwar Ibrahim.

"Implementing targeted subsidies, the capital gains tax and the high-value goods tax will increase the government's revenue by RM4bil. Hence, I believe the fiscal targets can be achieved". He said this means that the government cannot set targets arbitrarily as it is answerable to Parliament.He also said that the notion that narrowing fiscal deficits would mean that there will be less funds for development and spending on the well-being of the people is false.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

High Value Goods Tax to be implemented starting May 2024: Finance MinistryPETALING JAYA: The Finance Ministry has recently confirmed the implementation of the High Value Goods Tax, formerly known as the Luxury Goods Tax to c...
Source: theSundaily - 🏆 25. / 51 Read more »