Fiscal Balance in Brunei
Brunei - Fiscal BalanceEconomic growth slumped to 2.0% year-on-year in the third quarter, down from the second quarter’s record high of 6.7%. The moderation reflected nosediving fixed investment and a small contraction in exports. However, stronger private consumption outlays and a recovery in government expenditure cushioned the slowdown somewhat. Turning to the final quarter of last year, exports again fell at a sharper pace in October, owing to a considerable drop in manufactured goods and a sizeable contraction in crude materials exports, while imports rose sharply on soaring purchases of mineral fuels in value terms. The trade balance remained in surplus nonetheless, while the steady rise in oil prices in the fourth quarter should have supported the economy in the period.
Brunei - Fiscal Balance Data
|Fiscal Balance (% of GDP)||3.6||-14.5||-21.7||-10.6||-3.6|
5 years of economic forecasts for more than 30 economic indicators.
|Exchange Rate||1.34||0.0 %||Jan 01|
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