Kuperan says the government is facing difficulty maintaining government-linked companies and public authorities as the current tax system does not provide adequate revenue to do so.The government should increase its revenue base by improving and extending the tax system, said Universiti Utara Malaysia economics professor Dr K. Kuperan Viswanathan.
“The government can follow the example of other countries and set up an investment fund which, in the long run, will provide revenue to help it in its budget planning. She said this could be optimised and stretched to over 40 years with high capital investment, new technology, as well as a more stable and competitive investment landscape.
He said the objective is to maximise output and include a robust stockpiling policy and infrastructure for a rainy day.