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Budget to be revised soon, GST a saviour: Najib

Revenue shortfall, now at RM30b, may widen should oil prices remain at low US$30 range

MR NAJIB: Feels the fiscal deficit target of 3.1% GDP could still be met.

Kuala Lumpur

MALAYSIA's budget planners must be experiencing a sense of déjà vu and it's mainly to do with oil.

With global oil prices slumping to a 12-year low of about US$33 a barrel amid China's economic slowdown and currency depreciation, Prime Minister Najib Razak confirmed...