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Did you know? Brunei's Ministry of Finance is planning to allocate a whopping $1.01 billion for the 2023/24 fiscal year! That's not just a number; it's a treasure chest for exciting projects like Brunei's own stock exchange and significant boosts for education and health. Talk about investing in a bright future!

Information

Nabilah Haris

Published on 8th March 2023

The Ministry of Finance and Economy has proposed a $1.01 billion budget for Brunei's 2023/24 fiscal year. This mirrors last year's allocation and will support the ministry's goals of economic diversification, fiscal sustainability, cooperation, and service delivery. Key budget allocations include $264 million for devel...

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The Ministry of Finance and Economy has proposed a $1.01 billion budget for Brunei's 2023/24 fiscal year. This mirrors last year's allocation and will support the ministry's goals of economic diversification, fiscal sustainability, cooperation, and service delivery. Key budget allocations include $264 million for development projects like Brunei's stock exchange, $50 million for infectious disease control, and $25 million for disaster management. Additionally, $28.7 million is earmarked for educational allowances. Other funding will address repairs and upgrades in infrastructure, religious sites, and institutional facilities, highlighting the government's focus on comprehensive national development.

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