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

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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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