THE Mahathir administration said today it will not be able to make good all its 100-day promises, citing the country’s precarious financial situation.
Finance Minister Lim Guan Eng said the government would fulfil all of the 100-day promises when the country’s finances were in a better position.
“As much as we would like to implement all the 100-day promises, this government is fiscally responsible and will not follow the previous government’s example of fiscal imprudence that would almost certainly have led the nation on a path to bankruptcy,” Lim said at a press conference at his ministry today.
“The government continues to be committed to implementing our manifesto promises when the financial situation permits.”
In its election manifesto, Pakatan Harapan had, among others, promised to abolish the goods and services tax (GST), reintroduce fuel subsidies and review mega-projects within 100 days of winning federal power.
GST will be zero-rated from tomorrow while fuel subsidies were introduced yesterday. Putrajaya has also lifted the travel ban on more than 430,000 student loan defaulters.
It also reviewed several mega-projects, including scrapping the high-speed rail (HSR) project linking Malaysia and Singapore.
The government is still working on eliminating unnecessary debts forced on Felda settlers, introducing the Employees Provident Fund (EPF) scheme for housewives and standardising monthly minimum wages across the country.
Lim, however, did not set any deadline for the fulfilment of the other promises.