MP Speaks by Liew Chin Tong | Deputy Finance Minister Chua Tee Yong and the BN government are like ostriches burying their heads in the sand by not recognising the implications of lower global oil prices on the budget, the looming fiscal crunch and a potential economic crisis: http://www.malaysiakini.com/news/282509
Chua Tee Yong told The Star (4th Dec, pg 19) that falling global oil prices might result in a positive impact on the country’s deficit.
He said that Malaysia relies on Tapis Crude and not Brent Crude in determining oil prices, and “the average pricing per barrel had met expectations so far”.
