Information

Rasidah Hj Abu Bakar

Published on 26th February 2022

Brunei plans to reduce its development expenditure by 42% in the FY 2022/23, despite anticipating a reduced budget deficit of $1.52 billion for FY 2021/22 from a previous high of $3.24 billion. This decline comes from increased oil prices boosting government revenue, expected to more than double to $4.15 billion. Howev...

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Brunei is planning to cut development spending by 42% for FY 2022/23, despite a reduction in the budget deficit for FY 2021/22. The anticipated budget deficit is expected to widen again next year due to cautious revenue forecasts influenced by volatile oil prices. Key focuses include public welfare, food security, and private sector support.

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Rasidah Hj Abu Bakar

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The Scoop

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Rasidah Hj Abu Bakar

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The Scoop

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The Scoop

Brunei Faces Consecutive Budget Deficits Amid Oil Revenue Decline

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Goutaxe

Keris-Warisan

WeLoveCovid

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The Best Nasi Lemak Brunei