Brunei Darussalam: Recent Economic Developments

International Monetary Fund

No 1996/053, IMF Staff Country Reports from International Monetary Fund

Abstract: 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.

Keywords: ISCR; CR; Brunei; enterprise; primary sector; Singapore dollar; exchange rate; broad money; balance of payments; capital expenditure; U.S. dollar; current account; Oil; Public sector; Imports; Exports; Middle East (search for similar items in EconPapers)
Pages: 77
Date: 1996-07-09
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