Commodities come to the rescue

PETALING JAYA: Although the government is in a tight fiscal position, higher collection of commodity-related revenues and new sources of income would enable it to fund an expansionary budget to support recovery efforts next year.

Notably, the rise in crude oil prices to above US$84 (RM348.84) per barrel, the highest level since October 2018, augurs well for government coffers. In addition, crude palm oil prices have been on a positive trajectory since early this year.