Putrajaya may revise Budget again if oil prices go under US$25
Second finance minister says the sale of assets may not be enough to make good shortfall in oil revenues
Kuala Lumpur
MALAYSIA has raised the possibility of doing another Budget review if oil prices fall below US$25 a barrel, even as shares of the oil majors declined on Wednesday amid the sector's growing bearishness.
Second finance minister Ahmad Husni Hanadzlah acknowledged a relook would be necessary if prices dip below US$25, because Putrajaya's revenue latitude for further declines - through the sale of assets such as telecommunications spectrum, for instance - would not be enough to cover larger income-spending gaps.
His comment on Wednesday, as he attended a dialogue on the government-owned RTM, follows Putrajaya's move last week to revise its Budget to one based on oil prices being at US$30 to US$35 a barrel. This week…
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