Malaysia's GST, fuel subsidy cuts likely to be delayed until after election

Malaysia's economy has floundered for the past two years, first due to Covid-19 lockdowns, and then supply chain disruptions. PHOTO: REUTERS
New: Gift this subscriber-only story to your friends and family

KUALA LUMPUR - Malaysia will likely delay reviving the goods and services tax (GST) and cutting fuel subsidies until after the general election that is widely expected by year end.

Even though the fiscal policy shifts are increasingly necessary to weather the economic climate, analysts say they might worsen Malaysia's soaring inflation and prices of goods.

Already a subscriber? 

Read the full story and more at $9.90/month

Get exclusive reports and insights with more than 500 subscriber-only articles every month

Unlock these benefits

  • All subscriber-only content on ST app and

  • Easy access any time via ST app on 1 mobile device

  • E-paper with 2-week archive so you won't miss out on content that matters to you

Join ST's Telegram channel and get the latest breaking news delivered to you.