KUALA LUMPUR, June 2 — Developing a medium-term revenue strategy remains an urgent priority for Malaysia as the country’s tax revenues are the lowest among the Asean-5 and...
KUALA LUMPUR, June 2 — Developing a medium-term revenue strategy remains an urgent priority for Malaysia as the country’s tax revenues are the lowest among the Asean-5 and Organisation for Economic Co-operation and Development peers and have been declining, said the International Monetary Fund .
“Staff urge the authorities to prioritise the development of a medium-term revenue strategy including the necessary quantitative underlying work in determining gaps and identifying goals, in light of Malaysia’s significant spending needs under the 12th Malaysia Plan and its ambition to achieve high-income status.
The still elevated core inflation, amid a positive output gap, and evidence of a build-up in demand-side pressures, suggest the need for monetary policy to shift to a neutral stance now to keep inflation contained and expectations anchored, it added.
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