{
  "id": 6503071,
  "title": "2027 Budget will have to impute higher crude oil price assumptions",
  "url": "https://urgent.news/2026/09/10/2027-budget-will-have-to-impute-higher-crude-oil-price-assumptions",
  "topic": "world",
  "section": "World",
  "published": "2026-09-10T00:03:24.000Z",
  "source": {
    "name": "New Straits Times",
    "slug": "new-straits-times",
    "url": "https://www.nst.com.my/business/economy/2026/09/1529429/2027-budget-will-have-impute-higher-crude-oil-price-assumptions"
  },
  "original_language": "en",
  "account": null,
  "summary": "The Malaysian government will have to assume a higher crude oil price of around US$90 per barrel for the 2027 Budget, according to Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid. This forecast is due to ongoing geopolitical tensions in the Middle East, particularly the attacks by Iran and its proxy the Houthis against U.S. and Saudi Arabian assets, which have caused supply disruption fears. The Brent crude price has surged beyond the US$100 mark, marking its highest level in over six weeks. Afzanizam argued that maintaining the existing fuel subsidy structure if oil prices remain around US$100 a barrel would require a policy trade-off, as greater resources allocated to subsidies could necessitate cuts in other areas. The fiscal deficit stood at 4.2% of GDP in the first half of 2026, above the full-year target of 3.5%, while government debt was around 65% of GDP.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}