BND5.86 billion budget proposed for 2020-2021 financial year

The proposed budget for Financial Year 2020/2021 is BND5.86 billion. The estimated government revenue for the Financial Year 2020/2021 is projected to be BND4.05 billion, in which revenues from the Oil and Gas Sector are estimated at BND2.91 billion, while the Non-Oil and Gas Sector is estimated at BND1.14 billion. Therefore, the national budget for the Financial Year 2020/2021 is expected to experience a deficit of about BND1.81 billion. More details in Thursday’s Borneo Bulletin