Govt to Review Budget 2016 if Oil Remains at Present Price

The Government will have to review Budget 2016 should the price of Brent Crude remain at current levels.

Minister in the Prime Minister’s Department Datuk Seri Abdul Wahid Omar said the Government would continue to monitor oil prices to determine the new norm.

“In the event that oil prices remain at low levels, the Government might have to review the Budget as it will need to focus on the optimisation of the country’s growth,” he said.