BUDGET 2024 | The government's move to increase the sales and service tax (SST) to eight percent from six percent under Budget 2024 will strengthen the country’s fiscal position while minimising the impact on households, said Khazanah Research Institute (KRI).

Its chairperson Nor Mohamed Yakcop said measures that target subsidy rationalisation, along with the expansion of the tax base will allow the country’s fiscal position to remain resilient amidst the increased instability and complexity in the international arena...