2021 to see Brunei GDP growth between 0.8-1.6 pc

The Department of Economic Planning and Statistics (DEPS), Ministry of Finance and Economy (MoFE) projected Brunei Darussalam’s gross domestic product (GDP) growth this year to be between 0.8 and 1.6 per cent, with the oil and gas sector expected to grow at a rate of 0.5 per cent, and the non-oil and gas sector to grow between 1.1 to 2.9 per cent. This was driven by growth in the agriculture, forestry and fisheries sectors; industry sector; and services sector.

Minister at the Prime Minister’s Office and Minister of Finance and Economy II Yang Berhormat Dato Seri Setia Dr Awang Haji Mohd Amin Liew bin Abdullah highlighted this when deliberating the proposed budget for the financial year 2021-2022, during the third day of the 17th Legislative Council (LegCo) session yesterday.

More details on Thursday’s Borneo Bulletin