Published on 27th January 2022
Brunei is projected to experience a narrower budget deficit of 6.9 percent of GDP in 2022, down from 10.3 percent last year, as per the Centre for Strategic and Policy Studies (CSPS). The improvement stems from increased oil and gas revenues, with Brent crude expected to average US$75 a barrel in 2022. Although governm...
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The Centre for Strategic and Policy Studies (CSPS) anticipates that Brunei's budget deficit will decrease to 6.9% of GDP in 2022, attributed to higher oil and gas revenues. However, challenges remain as government spending continues to be constrained.
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