Brunei Darussalam: Recent Economic Developments

July 9, 1996

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Brunei Darussalam: Recent Economic Developments, (USA: International Monetary Fund, 1996) accessed November 23, 2024

Summary

This report describes economic developments in Brunei Darussalam during the 1990s. During 1994–95, domestic demand picked up strongly mainly owing to the rise in government expenditure. As the government accelerated the implementation of key projects in the Sixth National Development Plan, large community-oriented projects were also implemented. The increase in investment spending and associated consumption boom resulted in a sharp growth in imports and a significant rise in inflation. In the meantime, broad money continued to expand rapidly as substantial funds were brought into the banking system from abroad to finance major development projects.

Subject: Commodities, Economic sectors, Expenditure, Exports, Imports, International trade, Oil, Public sector

Keywords: Balance of payments, Broad money, Brunei, Capital expenditure, CR, Current account, Enterprise, Exchange rate, Exports, Imports, ISCR, Middle East, Oil, Primary sector, Public sector, Singapore dollar, U.S. dollar

Publication Details

Pages:

77
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 1996/053
Stock No:

1BRNEA0011996
ISBN:

9781451806137
ISSN:

1934-7685

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