00:01An economist says the government needs to plug inefficiencies in its departments and agencies
00:06to ensure the additional 10 billion ringgit yearly revenue expected from an expansion of the sales and service tax regime is spent wisely.
00:15Ahmad Razman Abdul Latif of Pooja Business School said the government is currently prioritizing procurement reform
00:21by introducing an open tender system to replace direct negotiations.
00:25He said the open tender system offers a more structured approach which is essential to prevent wastage in public spending.
00:34Meanwhile, Bank Mwamalat Malaysia Berhad Chief Economist Avzanizam Rashid said the procurement reforms being implemented alongside the SST
00:42would help narrow the country's fiscal deficit.
00:46He said the dual initiatives would broaden fiscal space, enabling the government to enhance social assistance
00:52and allocate more funds for infrastructure development.
00:55Previously, Treasury Secretary General Johan Mahmoud Mary Khan said the government was reforming the procurement system
01:04to ensure revenue is spent optimally and curb leakages.
01:08Johan said the SST expansion is expected to generate an additional 5 billion ringgit this year
01:14and 10 billion ringgit annually beginning next year.
01:17The State Department of State Department of State Department of State Department of State Department of State Department of State Department of State Department of State Department of State Department of State Department of State Department of State Department of State Department of State Department of State Department of State Department of State Department of State Department of State Department of State Department of State Department of State Department of State Department of State Department of State Department of State Department of State Department of State Department of State Department of State Department of State Department of State Department of State Department of State Department of State Department of State Department of State Department of State Department of State Department of State Department of State Department of State Department of State Department of State Department of State Department of State Department of State Department of State Department of State Department of State Department of State Department of State Department of State Department of State Department of State Department of State Department of State Department of State Department of State Department of State Department of State Department of State Department of State Department of State Department of State Department of State Department of State Department of State Department of State Department of State Department of State Department of State Department of the
