Fiscal Balance in Brunei

Brunei Fiscal Balance | Economic News & Forecasts

Brunei - Fiscal Balance

The 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

2013  2014  2015  2016  2017  
Fiscal Balance (% of GDP)13.0  3.6  -14.5  -21.5  -     

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

Brunei Facts

ValueChangeDate
Exchange Rate1.370.0 %May 13

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