Ministry of Finance and Economy (Brunei)

The Ministry of Finance and Economy (MoFE; Malay: Kementerian Kewangan dan Ekonomi) 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.[2] 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.

Ministry of Finance and Economy
Kementerian Kewangan dan Ekonomi

Ministry of Finance and Economy building
Ministry overview
Formed1 January 1984 (1984-01-01)
JurisdictionGovernment of Brunei
HeadquartersBandar Seri Begawan, Brunei
4°55′19″N 114°57′07″E
Annual budgetIncrease$1 billion BND (2022)
Ministers responsible
Deputy Ministers responsible
  • Khairuddin Abdul Hamid[lower-alpha 2], Deputy Minister of Finance and Economy
  • Pengiran Zety Sufina Pengiran Sani[lower-alpha 3], Deputy Minister of Finance and Economy
Websitewww.mofe.gov.bn
Footnotes
[2][3][4][1]

Budget

In the fiscal year 2022–23, the ministry has been allocated a budget of B$1 billion[lower-alpha 4], an eight percent increase from the previous year.[3]

Ministers

First Minister
No. Portrait Minister Term start Term end Time in office Ref.
1
Hassanal Bolkiah 1 January 1984 21 October 1986 2 years, 293 days [6]
2
Jefri Bolkiah 21 October 1986 23 February 1997 10 years, 125 days [6]
(1)
Hassanal Bolkiah 23 February 1997 Incumbent 26 years, 83 days [6][7]

Second Minister
No. Portrait Minister Term start Term end Time in office Ref.
1
Abdul Rahman Ibrahim 24 May 2005 30 January 2018 12 years, 251 days [8]
2
Amin Liew Abdullah 30 January 2018 Incumbent 5 years, 107 days [8]

See also

Notes
  1. The official Malay name upon the appointment was Dato Seri Setia Dr. Awang Haji Mohd. Amin Liew bin Abdullah.[1]
  2. The official Malay name upon the appointment was Awang Haji Khairuddin bin Haji Abdul Hamid.[1]
  3. The official Malay name upon the appointment was Pengiran Hajah Zety Sufina binti Pengiran Dato Paduka Haji Sani.[1]
  4. ≈US$718 million as of July 2022[5]

References
  1. Ali Rahman, Muhammad Khairulanwar (8 June 2022). "Perlantikan, Pertukaran Menteri Kabinet, Timbalan Menteri" (PDF). Pelita Brunei (in Malay). No. 67 #69. pp. 3–4. Retrieved 21 July 2022.
  2. Menon 1987, p. 92.
  3. Haris, Nabilah (27 February 2022). "MoFE proposes $1 billion budget for upcoming fiscal year". The Scoop. Archived from the original on 27 February 2022. Retrieved 21 July 2022.
  4. The Scoop (7 June 2022). "HM announces major cabinet shakeup — full list of appointees". The Scoop. Archived from the original on 2 July 2022. Retrieved 21 July 2022.
  5. "1,000,000,000 BND to USD - Bruneian Dollars to US Dollars Exchange Rate". XE.com. Retrieved 21 July 2022.
  6. "Ministry of Finance". The Government of Brunei Darussalam Official Website. Archived from the original on 6 July 2011. Retrieved 27 October 2010.
  7. "Group of 30 :: Resources". group30.org.
  8. Scoop, The (30 January 2018). "HM announces surprise cabinet reshuffle - full list of new appointees". The Scoop. Retrieved 30 December 2022.
  • Menon, K.U. (1987). "BRUNEI DARUSSALAM IN 1986: In Search of the Political Kingdom". Southeast Asian Affairs. 1987: 85–101. doi:10.1355/SEAA87F. JSTOR 27908570.


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