Fiscal Balance in Brunei

Brunei Fiscal Balance | Economic News & Forecasts

Brunei - Fiscal Balance

The economy contracted at a sharper year-on-year pace in Q2, dragged down by a considerable decline in the hydrocarbon sector stemming from a planned refinery shutdown. Conditions likely remained downbeat in the third quarter, as restrictions were adopted alongside a rise in Covid-19 infections. However, July’s data shows soaring merchandise exports compared to last year on the back of surging sales of mineral fuels. Moving into Q4, an expected easing of restrictions amid falling new Covid-19 cases and notable progress on the vaccination front bode well for activity. On the external front, the Regional Comprehensive Economic Partnership (RCEP) agreement, set to come into force in January 2022, was recently ratified by Australia and New Zealand, which should further strengthen its impact on trade ahead.

Brunei - Fiscal Balance Data

2015   2016   2017   2018   2019  
Fiscal Balance (% of GDP)-14.5  -21.7  -10.6  -3.6  -10.5  

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

Brunei Facts

Value Change Date
Exchange Rate1.340.0 %Jan 01

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