Malaysia's Najib seen levying consumption tax to curb budget deficit

2013/10/21 23:05:30 @Reuters: World News

KUALA LUMPUR (Reuters) - Malaysian Prime Minister Najib Razak will trim the government's hefty subsidy bill and likely announce a new consumption tax later this week as he delivers a budget seen as crucial to ward off a possible credit downgrade and reassure investors over the Southeast Asian country's fast-growing debt burden.
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