(Bandar Seri Begawan, 27th) The Brunei Legislative Council (LegCo) unanimously passed the 2026/2027 fiscal budget proposal during its ongoing tenth parliamentary session on Thursday, with a total amount of 6.3 billion, lower than the previous fiscal year's 6.35 billion.
Government revenue for the 2024/2025 fiscal year was 3.53 billion, down from 3.69 billion in the previous year. Government expenses increased to 6.25 billion, resulting in a budget deficit of 2.72 billion.
Dato Seri Setia Dr. Awang Haji Mohd Amin Liew bin Abdullah, Minister at the Prime Minister’s Office and Second Minister of Finance and Economy, submitted the national budget on March 14.
The Minister emphasized in his report that the 2026/2027 fiscal budget aims to continue promoting government efforts to achieve “Brunei Vision 2035.” This aligns with the five-year budget theme from 2026/2027 to 2030/2031: “Working Together to Achieve Brunei Vision 2035.”
The budget focuses on three main priorities: strengthening fiscal stability and financial governance; empowering the economy through transformation and innovation; and ensuring sustainable social development and future progress.
The Minister also pointed out that Brunei faces a challenging global environment influenced by geopolitical tensions, changes in global trade patterns, subdued economic growth prospects, and climate change. These challenges require the government to take prudent and strategic actions to maintain macroeconomic stability and fiscal resilience.
The budget especially emphasizes sustainable fiscal management, ensuring that public spending is efficient, effective, and results-oriented. The budget will prioritize strategic and high-impact expenditures, support transformative and innovative economic changes, and uphold fiscal discipline to achieve a balance between development needs and prudent spending.
When outlining the allocation in detail, the Minister explained that of the 6.3 billion budget: 36.7% (2.31 billion) will be used to pay salaries, including wages, service benefits, other facilities, and employer contributions; 38.8% (2.45 billion) is allocated for recurrent expenses by all government ministries and departments; 480 million will be used to fund development projects under the Twelfth National Development Plan, which has a total value of 4 billion. The remaining funds will be used to cover other approved expenditures.
Government revenue for the 2024/2025 fiscal year was 3.53 billion, down from 3.69 billion in the previous year. Government expenses increased to 6.25 billion, resulting in a budget deficit of 2.72 billion.
Dato Seri Setia Dr. Awang Haji Mohd Amin Liew bin Abdullah, Minister at the Prime Minister’s Office and Second Minister of Finance and Economy, submitted the national budget on March 14.
The Minister emphasized in his report that the 2026/2027 fiscal budget aims to continue promoting government efforts to achieve “Brunei Vision 2035.” This aligns with the five-year budget theme from 2026/2027 to 2030/2031: “Working Together to Achieve Brunei Vision 2035.”
The budget focuses on three main priorities: strengthening fiscal stability and financial governance; empowering the economy through transformation and innovation; and ensuring sustainable social development and future progress.
The Minister also pointed out that Brunei faces a challenging global environment influenced by geopolitical tensions, changes in global trade patterns, subdued economic growth prospects, and climate change. These challenges require the government to take prudent and strategic actions to maintain macroeconomic stability and fiscal resilience.
The budget especially emphasizes sustainable fiscal management, ensuring that public spending is efficient, effective, and results-oriented. The budget will prioritize strategic and high-impact expenditures, support transformative and innovative economic changes, and uphold fiscal discipline to achieve a balance between development needs and prudent spending.
When outlining the allocation in detail, the Minister explained that of the 6.3 billion budget: 36.7% (2.31 billion) will be used to pay salaries, including wages, service benefits, other facilities, and employer contributions; 38.8% (2.45 billion) is allocated for recurrent expenses by all government ministries and departments; 480 million will be used to fund development projects under the Twelfth National Development Plan, which has a total value of 4 billion. The remaining funds will be used to cover other approved expenditures.