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Minister: No guarantee there won’t be post- GST price hike

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Oct 23- The government cannot guarantee that there will not be a surge in consumer prices if the goods and services tax (GST) is implemented, a minister said.

Domestic Trade, Cooperatives and Consumerism Minister Hasan Malek (right) said that this is because there are “no guarantees in this world”.

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“There are no guarantees in this world… For the time being, we can only pray for a good outcome,” he told reporters at the Parliament lobby.

He also urged all to wait for Budget 2014 to be tabled before speculating on whether the GST will be implemented.