Published on 11th March 2020
Brunei is set to face a budget deficit of $1.469 billion in the 2019/2020 fiscal year despite 3.9% GDP growth in 2019, the highest in 13 years. The 2020/2021 budget, set at $5.86 billion, also predicts a $1.81 billion deficit due to declining oil and gas revenue, which accounts for over 80% of government earnings. Fina...
Others are checking this out too! ⤵︎
I found the information below and here's a summary
Brunei is projected to face significant budget deficits in the coming fiscal years due to declining oil revenue, despite experiencing GDP growth. The government has proposed a budget of $5.86 billion for 2020/21, with allocations aimed at investment, public infrastructure, and education. The impact of COVID-19 on these projections has not yet been fully assessed.
also has many Articles, 7+ Event and 2+ Service.
Others are checking this out too! ⤵︎
