“Hence, we estimate that the government would save RM1.8bil in fuel subsidies, should policymakers choose to pass on the full savings of lower oil prices to consumers, ” CGS-CIMB Research said.
KUALA LUMPUR: CGS-CIMB Equities Research forecasts Malaysia’s oil-related revenue could fall by RM4.5bil with a US$15 decline in its oil price assumption.
It said on Tuesday the net impact on fiscal deficit would be RM2.7bil, or 0.2% of GDP.
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