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Wednesday, December 4, 2013

Moody's: Tariff hike shows M'sia on track to fiscal reforms

Published: Tuesday December 3, 2013 MYT 4:34:00 PM 
Updated: Tuesday December 3, 2013 MYT 4:35:22 PM

KUALA LUMPUR: The new electricity tariff structure announced yesterday shows that the government is on track to implement fiscal reforms, said Moody's Investors Service. 

"The hike will have a one-off impact on inflation but it will run-off," Christian de Guzman, Vice-President of Sovereign Risk Group told a press conference today. 

The new tariff structure coincides with the fuel price increase in September and the budget announcement of the Goods and Services Tax (GST) to be implemented in April 2015, which was evidence of Malaysia's commitment in implementing fiscal reforms, he added. - Bernama

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