KUALA LUMPUR (Reuters) – Malaysia on Tuesday said lower oil prices have been factored into the government’s 2020 fiscal deficit target of 4% of gross domestic product.
“If the oil price declines significantly below our annual average estimates, the government will reprioritise expenditures to meet the fall in revenue,” the finance ministry said in a statement.
(Reporting by Rozanna Latiff, editing by Louise Heavedns)
