Malaysia announces budget for 2019, foresees higher fiscal deficit as revenue falls

Malaysia's Prime Minister Mahathir Mohamad (L) and Finance Minister Lim Guan Eng present the 2019 budget at the Parliament House in Kuala Lumpur, Malaysia, Nov. 2, 2018. Malaysia's government led by Prime Minister Mahathir Mohamad on Friday proposed its first budget after coming to power in the May general election, allocating 314.55 billion ringgit (75.49 billion U.S. dollars) for the 2019 budget. (Xinhua/Chong Voon Chung)