Fiscal Balance in Brunei
Brunei - Fiscal BalanceThe economy likely performed fairly well in Q1. Average year-on-year merchandise export growth was solid in January and February, due to a surge in exports of mineral fuels. Moreover, crude oil production rose in January from December. This follows Q4’s rebound in economic activity, which was driven by robust growth within the non-oil and gas sector; the oil and gas sector, meanwhile, declined due to unplanned repair and maintenance work. In other news, in early-May Brunei rolled back controversial Islamic laws that sparked a global backlash. While the scandal is a blow to the country’s international reputation and, in the short-term, could take some shine off the tourism sector—which expanded briskly last year—the economic fallout will be minimal.
Brunei - Fiscal Balance Data
|Fiscal Balance (% of GDP)||13.0||3.6||-14.5||-21.5||-|
5 years of economic forecasts for more than 30 economic indicators.
|Exchange Rate||1.37||0.0 %||May 13|
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