He said its implementation had helped save the country’s economy.
Najib, who i s also f i nance minister, was responding to a supplementary question from Liew Chin Tong (DAP-Kluang) on how the government plans to increase domestic demand, that Liew says has declined due to GST.
“That is always the negative interpretation of the Opposition,” said Najib.
Later at the Parliament lobby, Liew said reducing GST to spur local demand and consumption is sound economics.
He said the economy is primarily driven by domestic demand and consumption and Najib should not have dismissed his views.
“Domestic demand had slowed due to GST. With falling oil prices and depreciation of the ringgit, domestic demand is even lower,” he said.
Liew said GST did not save the economy as Najib claimed, but merely provided more funds for the government and the Treasury.
To a question by Dr Tan Seng Giaw (DAP-Kepong) on the current