BANDAR SERI BEGAWAN (Xinhua): Brunei's government revenue for the 2025/2026 fiscal year is expected to reach 3.26 billion Brunei dollars (US$2.42 billion U.S. dollars), with 75 pe rcent, or 2.45 billion Brunei dollars (US$1.82 billion) coming from the oil and gas sector, a government minister has announced.
The revenue from the non-oil and gas sector is estimated to be 802.24 million Brunei dollars (US$595.46 million) in the new fiscal year, Mohd Amin Liew Abdullah, Brunei's minister at the Prime Minister's Office and second minister of Finance and Economy, told a budget deliberation session at the Legislative Council.
Brunei's government has proposed a national budget of 6.35 billion Brunei dollars (US$4.71 billion) for the new fiscal year, which begins on April 1, 2025.
The new budget has three priorities: maintaining public well-being, instilling sustainable economic diversification, and building dynamic and visionary human capital.
Brunei is a South-East Asian country located in the northern part of Borneo Island.
It is rich in natural resources and boasts beautiful natural scenery. The Sultanate is one of the important oil and gas exporters in Asia. - XInhua
