Strong oil and gas market to lift economy

Kashif said higher revenue would reduce the budget deficit, giving the government more room for fiscal manoeuvring to manage future crises.

PETALING JAYA: Strong oil and gas and higher commodity prices will bolster the government’s balance sheet, leading to more infrastructure investments, which will directly correlate with gross domestic product (GDP) growth, says Juwai IQI group co-founder and group chief executive officer Kashif Ansari.

In a statement, Kashif said higher revenue would reduce the budget deficit, giving the government more room for fiscal manoeuvring to manage future crises.