Brunei Darussalam Records Budget Surplus for Financial Year 2018/2019

Following the increase in revenue and decrease in government spending for the Financial Year 2018/2019, the country has recorded a budget surplus. The achievement was also shared by the Minister at the Prime Minister's Office and Second Minister of Finance and Economy in his deliberation on the proposal for the Supply Bill 2020/2021.

Yang Berhormat stated that the country has recorded a budget surplus of 27 point 92 million dollars in comparison to the budget deficit in the Financial Year 2017/2018 of 2 thousand 2 hundred and 7 point 02 million. For the Financial Year 2019/2020, until the 29th of February 2020, government revenue collection was estimated at 3 thousand 4 hundred 53 point 94 million, of which some 2 thousand 7 hundred 87 point 79 million is from the oil and gas sector and 6 hundred 66 point 15 million was from the non-oil and gas sector. Meanwhile, government spending was 4 thousand 9 hundred 23 point 80 million of which, a budget deficit of 1 thousand 4 hundred 69 point 86 million was recorded. This is due to a decrease in revenue collection from the oil and gas sector of 7 hundred 79 point 89 million dollars.

Source: Radio Television Brunei