Crude oil prices below USD40 a barrel
2016 Malaysian budget is RM267.2 billion with revenue collection projected at RM225.7 billion. This is based on crude oil price of over USD50 a barrel. Oil-related revenue is estimated at RM31.7 billion. Now, the confusion in OPEC with its surplus makes the price of crude oil falls below USD40 per barrel.
Labels: It affects Malaysian revenue