Finance minister says Putrajaya will adjust spending if oil prices fall further | Malay Mail

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Finance minister says Putrajaya will adjust spending if oil prices fall further | Malay Mail
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Finance minister says Putrajaya will adjust spending if oil prices fall further

Tuesday, 21 Apr 2020 08:30 PM MYTFinance Minister Datuk Seri Tengku Zafrul Tengku Abdul Aziz said the federal government has incorporated lower global oil price into its expected deficit this year. — Picture by Firdaus Latif

Oil price fell sharply on the international market after Saudi Arabia and Russia triggered a price war that came just ahead of the world-stopping coronavirus disease pandemic. “The general preoccupation with oil is understandable, given that it is closely linked to global geopolitical influences. However, what is more important is to recognise how Malaysia has a diversified economic base.

 

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