The Ministry of Finance and Economy (MoFE; ) is a
cabinet-level ministry in the
government of Brunei
The Government of Brunei Darussalam is the union government created by the constitution of Brunei where by the Sultan of Brunei is both head of state and head of government (Prime Minister of Brunei). Executive power is exercised by the governme ...
which is responsible for the monetary, fiscal and
economic
An economy is an area of the Production (economics), production, Distribution (economics), distribution and trade, as well as Consumption (economics), consumption of Goods (economics), goods and Service (economics), services. In general, it is ...
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
Hassanal Bolkiah ibni Omar Ali Saifuddien III ( Jawi: ; born 15 July 1946) is the 29th and current Sultan and Yang di-Pertuan of Brunei since 1967 and the Prime Minister of Brunei since independence from the United Kingdom in 1984. He is one ...
, the
Sultan of Brunei
The sultan of Brunei is the monarchical head of state of Brunei and head of government in his capacity as prime minister of Brunei. Since independence from the British in 1984, only one sultan has reigned, though the royal institution dates bac ...
, as well as a second minister and two deputy ministers.
Ministers
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Hassanal Bolkiah
Hassanal Bolkiah ibni Omar Ali Saifuddien III ( Jawi: ; born 15 July 1946) is the 29th and current Sultan and Yang di-Pertuan of Brunei since 1967 and the Prime Minister of Brunei since independence from the United Kingdom in 1984. He is one ...
, 1 January 1984 - 20 October 1986
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Jefri Bolkiah
Jefri Bolkiah ibni Omar Ali Saifuddien III (born 6 November 1954), is a member of the Brunei Royal Family. His elder brother is the Sultan of Brunei, Hassanal Bolkiah. Prince Jefri was the finance minister of his oil-rich country from 1986 ...
, 20 October 1986 - 23 February 1997
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Hassanal Bolkiah
Hassanal Bolkiah ibni Omar Ali Saifuddien III ( Jawi: ; born 15 July 1946) is the 29th and current Sultan and Yang di-Pertuan of Brunei since 1967 and the Prime Minister of Brunei since independence from the United Kingdom in 1984. He is one ...
, 23 February 1997 -
Budget
In the fiscal year 2022–23, the ministry has been allocated a budget of
B$1 billion, an eight percent increase from the previous year.
See also
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Brunei Darussalam Central Bank
The Brunei Darussalam Central Bank (BDCB; ms, Bank Pusat Brunei Darussalam), formerly known as Monetary Authority of Brunei Darussalam (, AMBD) is the central bank of Brunei. It was established under the Monetari Brunei Darussalam Order, 2010, a ...
Notes
References
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External links
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Finance
Finance is the study and discipline of money, currency and capital assets. It is related to, but not synonymous with economics, the study of production, distribution, and consumption of money, assets, goods and services (the discipline of fina ...
Brunei
Brunei ( , ), formally Brunei Darussalam ( ms, Negara Brunei Darussalam, Jawi alphabet, Jawi: , ), is a country located on the north coast of the island of Borneo in Southeast Asia. Apart from its South China Sea coast, it is completely sur ...
Brunei
Brunei ( , ), formally Brunei Darussalam ( ms, Negara Brunei Darussalam, Jawi alphabet, Jawi: , ), is a country located on the north coast of the island of Borneo in Southeast Asia. Apart from its South China Sea coast, it is completely sur ...
Ministries established in 1984
1984 establishments in Brunei
Economy of Brunei
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