KUALA LUMPUR (April 11): The Public Accounts Committee (PAC) is a parliamentary committee formed to scrutinise the financial expenditure of the government and taxpayers’ money.
The independent body formed way back in 1959, initially served as a financial oversight committee that checked on the fi
KUALA LUMPUR, April 11 The Public Accounts Committee (PAC) is a parliamentary committee formed to scrutinise the financial expenditure of the government and taxpayers’.
KUALA LUMPUR: The government will carry out a detailed study to determine if the Goods and Services Tax (GST) should be reintroduced or to continue with the Sales and Services Tax (SST) now in place.
Deputy Finance Minister I Datuk Abd Rahim Bakri said the government would need to determine if it should re-introduce GST or continue with SST with an improved system to ensure which will yield better tax revenue. YB Subang (Wong Chen) and YB Tebrau (Steven Choong Shiau Yoon) have agreed with the re-implementation of GST but have submitted a few recommendations. The government will review all the proposals made.
BUDGET 2021 may have been passed at the policy level during the second reading in parliament last week, but the supply bill has yet to be debated and voted on at the committee level. Moreover, it has to go through a third reading, according to member of parliament for Bangi and opposition lawmaker Ong Kian Ming.
Opposition lawmakers have described their action or lack thereof at the second reading as a “tactical move”, given the various amendments to the budget. They did not oppose the budget at that point as they preferred to wait for the committee phase, when items in the budget can be scrutinised in greater detail and debated on before another vote is taken.