News Legislative Council National News Legislative Council National LegCo ends early, passes $5.86 billion budget for 2020/2021 The Speaker makes unprecedented move to cut short the parliament session amid COVID-19 outbreak March 15, 2020 BANDAR SERI BEGAWAN – The Legislative Council (LegCo) on Saturday passed a government budget of $5.86 billion for the 2020/2021 financial year after…
News Legislative Council National News Legislative Council National Gov’t plans to improve TAP, SCP pension investments The Ministry of Finance and Economy receives 4.8% budget boost to fund development projects, including establishment of stock exchange March 13, 2020 BANDAR SERI BEGAWAN – The Ministry of Finance and Economy (MoFE) is conducting a study on raising the dividends of Employees Trust Fund…
News Legislative Council National News Legislative Council National MinDef budget to focus on training, defence diplomacy The ministry is expected to increase its spending in the 2020/2021 fiscal year March 13, 2020 BANDAR SERI BEGAWAN – The Ministry of Defence has proposed a budget of $606.02 million for the 2020/2021 fiscal year, which will be…
News Legislative Council National ASEAN News Legislative Council National ASEAN Brunei allocates $2 million to prepare for ASEAN chairmanship The Ministry of Foreign Affairs tables budget of $113.9 million for 2020/2021 fiscal year March 12, 2020 BANDAR SERI BEGAWAN – The Brunei government has set aside $2 million to prepare for the hosting of ASEAN Summit next year, the…
News Legislative Council National News Legislative Council National PMO budget gets 1.3% increase The Prime Minister's Office allocates $431 million for 2020/2021 fiscal year March 12, 2020 BANDAR SERI BEGAWAN – The Prime Minister’s Office (PMO) has tabled a budget of $431 million for the fiscal year 2020/21, a 1.3…
News Legislative Council National News Legislative Council National Brunei projected to record budget deficit of $1.47 billion The Ministry of Finance and Economy tables a budget of $5.86 billion for 2020/21 financial year March 11, 2020 BANDAR SERI BEGAWAN – The Brunei government is expected to face a budget deficit of $1.469 billion in the 2019/20 fiscal year, despite…