- 2 days ago
八点最热报 | 安华明确拒绝重启GST，但面对每年3400亿令吉开支和不断增加的刚性支出，尤其债务利息每年高达500亿令吉，若不开GST这个“大水龙头”，国库还能撑多久？北方大学经济系教授林福炎认为，关键不只是如何收税，而是必须扩大经济和税基。只有企业赚更多、人民收入提高，带动消费和投资增长，政府税收才有更大的增长空间。（主播：蔡心慧）
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00:00Before watching the video, remember to check out trending websites for more content!
00:04First of all, Anwar has already made his position very clear.
00:06The Goods and Services Tax (GST) will not be reinstated.
00:10But in the world of GST
00:12Tax experts believe that the most efficient way to manage water pollution is to keep the taps off.
00:17In this case
00:18The government's massive annual expenditure of up to RM340 billion
00:22What exactly should we use to fill this gap?
00:24Can the national treasury hold up?
00:26Zheng Konglinglong, President of the Chinese Chamber of Commerce
00:29I did the math
00:30Currently, taxes account for approximately 80% of national treasury revenue.
00:33But medical and educational civil servants' salaries and retirement pensions
00:37Plus debt interest
00:39These fixed expenses come into play.
00:41It has already consumed about 75% of the income.
00:44The annual interest alone amounts to RM50 billion.
00:48Equivalent to 15% of total income
00:51The government's water output is constantly increasing.
00:53However, the water intake is becoming increasingly difficult to keep up with.
00:57Don't turn on the GST tap
01:00How long can the national treasury hold out?
01:02Is the national treasury facing an increasingly severe water shortage crisis?
01:08Lin Fuyan, a professor in the Department of Economics at Northern University, believes
01:11The real issue isn't just how to collect taxes.
01:14The real question is whether the tax machine is big enough.
01:16If the economy doesn't grow large
01:17Businesses are not making more money
01:19Employee salaries are not going up
01:21Ultimately, the government can only keep increasing pressure on the limited economic pie.
01:26What does he think?
01:27Instead of constantly trying to squeeze water out of the existing water tank
01:30Why not expand the economic well?
01:33Let more funds come in
01:35Businesses make more money
01:36People's income increased
01:38Consumption and investment increased accordingly
01:40Government tax revenue
01:42Only then will there be greater room for growth.
01:46First of all, Anwar has clearly stated...
01:48There are no plans to restart GST at this time.
01:51However, if we ignore the GST faucet...
01:54Is there enough money in the national treasury?
01:56Zhou Zong and General Chamber of Commerce Treasurer Kong Linglong pointed out
01:58The real issue may not be whether or not GST should be brought back.
02:02The real question is whether the national treasury has enough water.
02:05He stated that the government must maintain medical care.
02:08Salaries and pensions of education civil servants
02:10On the one hand, they also have to repay debts and pay interest.
02:13At the same time, continue to reduce fiscal resources
02:15The first major challenge facing the government
02:18Actually, it's the national treasury that's the water tank.
02:20Water intake speed
02:21Can it keep up with the speed of water flow?
02:23The government in 2026
02:26We have budgeted 344.3 billion in revenue.
02:30Of that, taxes accounted for approximately 80%.
02:34GST and SSDs are both indirect taxes.
02:38Indirect taxes account for approximately 23% to 24%.
02:42Our total expenditure is approximately 340 billion.
02:48Salaries of medical professionals, especially government employees
02:53And retirement pension
02:55Of course, we know that we also have debts.
02:57Debt also requires paying its interest.
02:59So all of these combined make up about 75% of our income.
03:06We have to pay about 50 billion yuan every year to repay the interest on this so-called corrupt act.
03:12This interest also accounts for 15% of our total income.
03:19And let's not forget that our expenses don't decrease gradually every year.
03:23It gradually expands and increases every year.
03:27Since we can't just rely on opening a bigger tax tap...
03:31Tax consultant Tsai Chao-yuan pointed out
03:33The government has another method
03:34The leak must be plugged first.
03:36On the one hand, taxes can be pursued through electronic invoices.
03:39Recover the taxes that should have been collected but were not.
03:42On the other hand, it can also reduce unnecessary government spending.
03:46In addition, there is another account that deserves to be reinterpreted.
03:49Tax incentives previously offered by the government
03:52Did it actually yield sufficient investment and economic benefits?
03:55If not
03:56This also means the water in the national treasury
03:58It may be lost in vain without you even realizing it.
04:01How do we solve the problem of corruption from the past?
04:06To investigate strictly
04:08So when the government broadcasts various reports about these projects...
04:14How can we save on expenses through open bidding?
04:19The second one?
04:20We can increase income
04:21The government has also implemented e-invoices for tax collection.
04:25What about the income that was not reported for tax evasion?
04:28It's roughly around 4 billion.
04:31If we strictly pursue taxes
04:34We can also increase our tax revenue.
04:37In the past, we have been giving so-called foreign or local investors...
04:42There are many of these tax incentives
04:45That means we don't collect taxes.
04:47This will reduce our tax revenue.
04:49The question here is...
04:51We gave this tax award
04:53Is it worth it?
04:54Has it brought about development for this society or the country as a whole?
04:59This is an important contribution.
05:01But even if you manage to bring back the leaked water...
05:04Turn off unnecessary water pipes
05:05There is always a limit.
05:07Taxes can be expanded
05:08SST can also be adjusted.
05:10But if the size of the economy remains unchanged
05:12Tax machines eventually have a ceiling.
05:14Lin Fuyan, a professor in the Department of Economics at Northern University, believes
05:16The most fundamental solution
05:18Actually, it's not about constantly expanding the tax revenue pipeline.
05:21Instead, expand the water source.
05:23What truly makes the national treasury richer and richer
05:26Ultimately, it's about economic growth.
05:28If GDP does not grow
05:29Businesses do not expand
05:31People's income does not increase
05:32No matter how the government designs the tax system
05:34It's difficult to increase income indefinitely.
05:36Actually, the most important thing is
05:38Our economy needs to grow.
05:40That means your assets are not good.
05:41The best way is to increase your income.
05:44GDP
05:44Our national seed production needs to be improved.
05:48As long as we can escape this medium-sized field of vision
05:50That is to say, our national seed production
05:52Average national living standards have improved
05:54Your salary increase is the most important thing
05:56The people have seen it and that's what they say.
05:58He would think it's good
06:00Our government has done a good job.
06:02Our income has increased
06:04We can see this improvement in quality of life.
06:07So now you need to pay taxes.
06:09We are also willing to give
06:10It's like a great service
06:12You go to Haidilao
06:13You might think it will be a bit expensive.
06:15But his service was excellent.
06:17So there are still people willing to give
06:19His food was of very good quality.
06:21So they are still willing to give
06:22Therefore, the same theory
06:23How can the government expand its water resources?
06:25Kong Linglong said
06:27Let more funds flow into Malaysia
06:29Businesses earn more
06:30Increased employee income
06:31Consumption and investment increased accordingly
06:33The bigger the economic pie
06:35The more taxes the government can collect, the more taxes it can collect.
06:37And the water that can flow into the national treasury
06:39Only then will it be endless
06:40We need to improve our business environment
06:42Do a better business
06:44I think our GDP will increase.
06:47More foreign investment
06:50FDI
06:51We are not just foreign investment
06:53What do you think 50% is?
06:55It is a local investment
06:57DDI
06:58Therefore, these two foreign investments
06:59If local investment increases
07:01Our company's profits will also increase.
07:05If the company's profits increase
07:06Of course, our employees' salaries will increase.
07:10If employee salaries increase
07:12They will all be buying things.
07:14Consumption will also increase
07:16Whether it's SST or GST
07:17We actually refer to it as a consumption tax.
07:20So the higher your consumption
07:22Your income will naturally increase.
07:25If these improvements
07:26Our real estate transaction
07:29It will also improve
07:30This would also increase the real estate profit tax.
07:33It will also improve our...
07:35The so-called stamp duty and these
07:37Back to the original question
07:39Do not restart GST
07:40Can the national treasury hold up?
07:42Perhaps we're not concerned about how much more tax can be added.
07:45The key lies in whether or not the economic pie can be enlarged.
07:47SST can be open source.
07:49Electronic invoices can plug loopholes
07:51Saving money can control expenditures
07:53But these all have their limits.
07:55What truly makes the national treasury tanks ever fuller and fuller.
07:58or economic growth
07:59Taxes can be increased
08:01The water pipe can be opened wider.
08:02But what truly determines the water level of the national treasury
08:05It's still the economy that brings life.
08:11When tax machines have hit their ceiling
08:14The rate at which water is entering the national treasury cannot keep up with the rate at which water is being discharged.
08:17Anwar government's next step
08:18Where else can we find money?
08:21Tax collection
08:22Plugging loopholes
08:22Cut waste
08:23It can temporarily stop the bleeding.
08:25But if the economic pie never gets bigger...
08:27It's difficult to truly expand the source of revenue through taxation.
08:31In the end?
08:33The government is facing more than just a shortage of money.
08:35Rather, every expense
08:37All of these could become a political choice.
08:40Can healthcare be cut?
08:41Can education be saved?
08:43Can civil servants' salaries and pensions be adjusted?
08:45Corporate discounts
08:47Should tax incentives for businesses be tightened again?
08:50Not implementing GST does not mean the financial pressure has disappeared.
08:53It's just a matter of raising taxes on everyone.
08:55Temporarily placed under the table
08:57As the national treasury dwindles
08:59The Anwar government will have to make a decision sooner or later.
09:02Who should be targeted?
09:04It is a subsidy for wealthy individuals and businesses.
09:08Or those government expenditures that have long been considered untouchable.
09:12The real problem is
09:14The economy can't grow big
09:15Tax machines cannot be expanded
09:16Every fiscal adjustment
09:18Both may face economic pressure and political backlash simultaneously.
09:22This fiscal test
09:24Anwar ultimately needs to resolve
09:26I'm afraid it's not about where the money comes from.
09:28The real question is: who will foot the bill for these ever-increasing debts?
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