[ap-intact] INFO: Wastage of up to RM40 billion a year costs more than GST revenue, says Malaysia anti-graft group

Putrajaya would not need the extra income from the goods and services tax (GST) if got rid of wastage and corruption that costs the government up to RM40 billion a year in losses, said an anti-graft group. The Centre to Combat Corruption and Cronyism (C4) said that various studies have estimated that the government loses between RM23 billion and RM40 billion a year due to leakages and mismanagement highlighted in the annual auditor-general’s reports.

Read the story by Sheridan Mahavera, in The Malaysian Insider. http://www.themalaysianinsider.com/malaysia/article/wastage-of-up-to-rm40-billion-a-year-costs-more-than-gst-revenue-says-anti

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