The Ministry of Finance and Economy (MoFE; ) is a cabinet-level ministry in the government of Brunei which is responsible for the monetary, fiscal and economic policies and development in the country. It was established immediately upon Brunei's independence on 1 January 1984. It is currently led by a minister in which the incumbent is Hassanal Bolkiah, the Sultan of Brunei, as well as a second minister and two deputy ministers.
Departments
The ministry oversees the following departments:
- Treasury Department () â obeys the law known as "The 1983 Financial Regulation". The rule also makes reference to later official circulars from MoFE and the Prime Minister's Office;
- Royal Customs and Excise Department (; RCED) â leading organisation for the Ease of Doing Business (EODB) indicator Trading Across Borders (TAB);
- Department of Economic Planning and Statistics (; DEPS) â in line with Wawasan Brunei 2035, DEPD aims to foster Brunei's sustainable economic growth through visionary planning, innovative implementation involving all societal sectors, and the provision of high-quality, internationally-aligned statistics.
Budget
In the fiscal year 2022âÂÂ23, the ministry has been allocated a budget of B$1 billion, an eight percent increase from the previous year.
List of ministers
First minister
Second minister
Deputy minister
See also
Notes
References
External links