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.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Indonesia to drive the growth of Asean’s green economy: PM Lee
Vietnam April exports up 10.6% y/y, industrial output up 6.3%
Inflation overshadows US economic resilience, hurting Biden
South-east Asia heat wave shuts schools, stokes power demand
Star Entertainment chair Foster steps down, adds to management exodus
Fading bets of early RBA cuts frustrate Albanese reelection plan