Information

Shareen Han

Published on 2nd February 2021

Brunei faces its third consecutive annual budget shortfall in 2021, with the fiscal deficit having worsened to 15.1% of GDP in 2020. The Centre for Strategic and Policy Studies (CSPS) attributes this to a sharp drop in oil and gas revenue, exacerbated by the COVID-19 pandemic's impact on global oil prices, which fell t...

Read the rest at The Scoop

↳ Posted By

The Scoop

Providing insight and context to what's happening in Brunei and beyond 🇧🇳🔎🌍

Others are checking this out too! ⤵︎

I found the information below and here's a summary

“

Brunei is facing its third consecutive budget deficit in 2021, primarily due to a significant decline in oil and gas revenues exacerbated by the COVID-19 pandemic. The fiscal deficit is projected to reach 15.1% of GDP for 2020, highlighting the urgent need for economic diversification and spending cuts to preserve dwindling reserves.

Information

Shareen Han

↳ Posted By

The Scoop

The Scoop

Information

Shareen Han

↳ Posted By

The Scoop

Brunei Faces Consecutive Budget Deficits Amid Oil Revenue Decline

Brunei's Budget Deficit Narrows Amid Rising Oil and Gas Revenues

Brunei's Development Budget Slashed Amid Rising Deficit Warnings

Keris-Warisan

Goutaxe

Whole-Put9168

Kaimana

Tyremart Brunei

The Scoop

Brunei Faces Consecutive Budget Deficits Amid Oil Revenue Decline

Brunei's Budget Deficit Narrows Amid Rising Oil and Gas Revenues

Brunei's Development Budget Slashed Amid Rising Deficit Warnings

Keris-Warisan

Goutaxe

Whole-Put9168

Kaimana

Tyremart Brunei