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Deputy Finance Minister II Steven Sim Chee Keong speaking during the dialogue session in Ipoh. -NSTP/L. MANIMARAN<

IPOH: Now is not the right time to reintroduce Goods and Services Tax (GST) in the country due to the slowing growth of the global economy, Deputy Finance Minister II Steven Sim Chee Keong said.

He said the government should look at GST's implementation holistically and not just accept suggestions from certain parties.

"These parties have their own reasons for GST reintroduction. For example, traders might say they can claim back but we need to look at the situation holistically and not just from one or two parties.

"I am not saying whether GST is good or bad, but this is not an appropriate time (to implement GST), especially since we are facing a slow global economy and increase in the prices of goods," he said after a dialogue session held in conjunction with the Perak state-level Budget 2024 Roadshow here today.