HIGHLIGHTS-Malaysia's 2016 budget | Reuters

October 23, 2015 9:02 AM

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KUALA LUMPUR Oct 23 Prime Minister Najib Razak announced Malaysia's 2016 budget on Friday, highlighting how the government plans to narrow its budget deficit, address rising cost of living. The government also released an economic report.

- 2016 budget allocates total 267.2 billion ringgit ($63.32 billion), an increase from a revised allocation of 260.7 billion for 2015. The initial allocation for 2015 was 273.9 billion.

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