What was the original projected oil price for Budget 2015?

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The original projected oil price for Budget 2015 was over US$110 per barrel.

The revised Budget 2015 was announced following a significant drop in global oil prices, which necessitated adjustments to the initial financial projections. The original budget was formulated based on a much higher crude oil price.
Original Oil Price Assumption

The Budget 2015 was initially drafted with the expectation that crude oil would trade at over US$110 per barrel. This projection formed the basis for the government's revenue estimates and subsequent spending plans when the budget was first announced in October.
Revised Oil Price Projection

In light of the falling oil prices, the government has revised its revenue forecast. The updated Budget 2015 now accounts for a projected oil price of US$55 per barrel. This adjustment reflects the current market reality and aims to ensure the country's economic stability.
Impact on Development Expenditure

Despite the need for revisions and a reduction in some operating expenditures, key development projects remain unaffected. Chief Minister Datuk Seri Musa Aman highlighted that funds for Sabah's Pan-Borneo highway have been retained. This commitment to development expenditure underscores the government's focus on public welfare and infrastructure development.

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What was the original projected oil price for Budget 2015?

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