Brunei sees US$1.87 billion budget deficit in upcoming financial year

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BANDAR SERI BEGAWAN, Feb. 28 (Xinhua): Brunei will have a national budget deficit of about 2.53 billion Brunei dollars (US$1.87 billion) in the financial year 2022-23, a government minister has said.

According to the local daily Borneo Bulletin on Sunday (Feb 27), Mohd Amin Liew, minister at the prime minister's office and second minister of finance and economy, has proposed a national budget of 5.7 billion Brunei dollars for the upcoming financial year, which will begin on April 1.