Putrajaya may revise Budget again if oil prices go under US$25

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.