Moody’s has warned that although Malaysia’s budget deficit is expected to contain at 3.1% to 3.2%, its debts against gross domestic product (GDP) is seen as exceeding the “danger limit” of 55% this year.
CRUDE oil prices have hovered around US$40 (RM161) per barrel in recent weeks, higher than the Government’s estimate of US$30 to US$35 (RM131 to RM141) and Petronas’ US$30 for 2016.
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