Fiscal Balance in Brunei

Brunei Fiscal Balance | Economic News & Forecasts

Brunei - Fiscal Balance

The economy had a shaky start to 2019, with total output in annual terms falling in the first quarter. The contraction in Q1 was primarily due to a sharp decrease in exports, which was seemingly due to lower LNG shipments in volume terms. Moreover, imports grew at a double-digit rate in Q1, further taking the wind out of the economy’s sails. On the domestic front, consumption and investment both increased in the first quarter, although investment growth plummeted. Merchandise trade data, meanwhile, points to a more solid second quarter, as the volume of LNG exports bounced back in April with double-digit growth. The volume of crude oil exports also increased robustly.

Brunei - Fiscal Balance Data

2013  2014  2015  2016  2017  
Fiscal Balance (% of GDP)13.0  3.6  -14.5  -21.7  -10.6  

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Note: Fiscal balance as % of GDP.
Source: IMF

Brunei Facts

Exchange Rate1.360.0 %Jul 11

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