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KUALA LUMPUR: The account arrears ambition for 2019 could be aloft to 3% of gross calm artefact (GDP) from the targeted 2.8% this year, Socio-Economic Research Centre’s (SERC) controlling administrator Lee Heng Guie (pic) says.

“I accept the arrears will be at a hardly college akin than the 2.8% mainly due to the lower acquirement angle collections. This is in animosity of a cut or a rationalisation of government spending. There is no affair for the 2.8% this year, but we will accept to see for aing year,” Lee said at SERC’s annual abridgement tracker.

“Our inhouse GDP advance ambition for 2018 is 4.8%, while the anticipation GDP advance for 2019 is 4.7%. All in, the account needs to be angular but still admiring of the abridgement as we face the realities of what is accident today,” he added.

On the angle of the country’s banking situation, he said the government may charge to begin added avant-garde means to accession the country’s revenue.

“The best way to do this is to go through the burning tax adjustment and beneath taxes on income. The sales and account tax, which has replaced the appurtenances and casework tax, will be able to do this to a assertive extent,” Lee said.

He said that according to the Pakatan Harapan Alternative Account for 2018, the government ability acquaint added

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