KPMG Hopes Government Will Start GST At Lower Rate
 

KUALA LUMPUR, Oct 6 (Bernama) -- KPMG Malaysia hopes the government will start goods and services tax (GST) at a lower rate of 3.0 to 5.0 percent for the initial stage to favour the lower income group, said senior tax partner, Khoo Chin Guan.

:: Other News Headlines
Not Many Companies Ready For GST
The Budget 2006 More Business Friendly, Says Izzuddin
Budget Good For Country's Economy, Says Dr Mahathir

 
  PM Unveils Caring Budget, More New Measures To Perk Up Economy

KUALA LUMPUR, Sept 30 (Bernama) -- Prime Minister Datuk Seri Abdullah Ahmad Badawi Friday unveiled a caring budget for Malaysians next year with more new measures to further perk up the economy.

  
 
 
  GDP To Grow At 5.5 Pct In 2006, 2005 GDP Revised To 5 Pct

KUALA LUMPUR, Sept 30 (Bernama) -- The Malaysian economy is projected to expand by 5.5 percent in 2006, from the five percent growth expected in 2005, says the Treasury.

 
 

 
 
HIGHER GOVT SPENDING FOR GROWTH:
RM136.8 bln allocated for 2006 Budget, up 5 pct.
Of this, RM101.3 bln is for operating expenditure and RM35.5 bln for development expenditure.
Economy to expand at 5.5 pct in 2006 from 5.0 pct estimated this year.
Construction sector to turn around at 3.0 pct in 2006 from -1.1 pct this year.
Budget deficit to be further reduced to 3.5 pct in 2006 (2005: 3.8 pct estimated).
:: more
 
 
Prime Minister's Department
Ministry of Finance
Malaysia - Key Data and Forecasts
The Economy 2006 and The Federal Government Budget 2006 Charts
2005 Budget Reports
2004 Budget Reports

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