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Borneo Bulletin Article

Published on 22nd March 2022

Brunei's national revenue is expected to benefit from the surge in global oil prices, currently exceeding USD100 per barrel. However, Minister of Finance and Economy II Dato Seri Setia Dr Awang Haji Mohd Amin Liew cautions that the impact depends on Brunei's production capacity, which needs to be maintained despite COV...

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Brunei's national revenue is expected to benefit from the surge in global oil prices, currently exceeding USD100 per barrel. However, Minister of Finance and Economy II Dato Seri Setia Dr Awang Haji Mohd Amin Liew cautions that the impact depends on Brunei's production capacity, which needs to be maintained despite COVID-19 restrictions. While high oil prices are advantageous, they also contribute to rising input costs and potential inflation due to increased import prices for essential goods. The government is exploring strategies to mitigate inflationary pressures and leverage the situation for national well-being.

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Brunei's leading English daily, serving the nation since 1953. Published by Brunei Press Sdn Bhd. 
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Borneo Bulletin

Brunei's leading English daily, serving the nation since 1953. Published by Brunei Press Sdn Bhd. 📰📱💻

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