Return of Oil Slump Haunts Najib in Malaysia Budget Deja Vu

  • `Year of reckoning' with pressure on oil, tax revenues
  • Oil-exporting Malaysia has run a fiscal deficit since 1998

Najib Razak, Malaysia's prime minister. The start of 2016 is shaping out to be a continuation of turmoil that plagued Malaysia last year when foreign investors unloaded $7 billion of equities and bonds.

Photographer: Charles Pertwee/Bloomberg

Prime Minister Najib Razak’s fiscal targets are under siege for a second year as an oil rout forces a reassessment of public spending plans to keep the Malaysian budget from being busted.

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