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Mustapa says Pakatan has no plans on how its budget will be financed

PETALING JAYA: Pakatan Harapan has failed to provide a plan as to how its alternative budget would be financed, says Minister of International Trade and Industry Datuk Seri Mustapa Mohamed.

He said that the alternative budget once again falls short in terms of substance.
"The Opposition once again fails to provide a clear and consistent plan on how these promises will be financed moving forward," he said in a statement on Wednesday.

Mustapa said the alternative budget was a repetition of the same old promises, namely the abolition of the Goods and Services Tax(GST), tolls and free higher education. 

"The abolition of the GST will leave a big hole in Government revenue that needs to be filled up," he said. 

He said the Opposition should instead share its plans to compensate the drop in revenue, instead of only relying on the "questionable assumption" that a tax cut would result in higher consumption and tax collection. 

In comparison to what the Opposition has to offer, Mustapa said the budget which will be presented by Prime Minister Datuk Seri Najib Tun Razak on Friday will be of "sound and responsible" economic planning that will elevate the nation to a high income economy.

Mustapa said an economic agenda will only be credible if the planned expenditure was backed with necessary revenue-generating measures. 

"I appeal to the objectivity of the Malaysian public not to be deceived by the populist and unsustainable measures outlined in the alternative budget," he said.
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