Ministry of Finance and Economy (Brunei)

Government ministry of Brunei From Wikipedia, the free encyclopedia

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.[3] 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.

Formed1 January 1984; 42 years ago (1984-01-01)
JurisdictionGovernment of Brunei
HeadquartersBandar Seri Begawan, Brunei
4°55′19″N 114°57′07″E
Employees1,917 (2024)[1]
Quick facts Formed, Jurisdiction ...
Ministry of Finance and Economy
Kementerian Kewangan dan Ekonomi
National emblem of Brunei

Ministry of Finance and Economy building
Ministry overview
Formed1 January 1984; 42 years ago (1984-01-01)
JurisdictionGovernment of Brunei
HeadquartersBandar Seri Begawan, Brunei
4°55′19″N 114°57′07″E
Employees1,917 (2024)[1]
Annual budgetIncrease$1 billion BND (2022)
Ministers responsible
Deputy Ministers responsible
Websitewww.mofe.gov.bn
Footnotes
[3][4][5][2]
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Departments

The ministry oversees the following departments:[6]

  • Treasury Department (Pejabat Treasury) — 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 (Jabatan Kastam dan Eksais Diraja; RCED) — leading organisation for the Ease of Doing Business (EODB) indicator Trading Across Borders (TAB);
  • Department of Economic Planning and Statistics (Jabatan Perancangan Ekonomi dan Statistik; DEPS) — 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 2022–23, the ministry has been allocated a budget of B$1 billion[d], an eight percent increase from the previous year.[4]

List of ministers

First minister

More information No., Portrait ...
No. Portrait Minister Term start Term end Time in office Ref.
1 Hassanal Bolkiah 1 January 1984 20 October 1986 2 years, 293 days [8]
2 Jefri Bolkiah 20 October 1986 23 February 1997 10 years, 126 days [9][8]
(1) Hassanal Bolkiah 23 February 1997 incumbent 29 years, 70 days [8][10]
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Second minister

More information No., Portrait ...
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 [11]
2 Amin Liew Abdullah 30 January 2018 incumbent 8 years, 94 days [11]
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Deputy minister

More information Portrait, Minister ...
Portrait Minister Term start Term end Time in office Ref.
Ahmad Wally Skinner 21 October 1986 March 2003 16 years [12]
Selamat Munap - - - [13]
Yakub Abu Bakar March 2003 20 September 2004 1 year [14]
Abdul Rahman Ibrahim 20 September 2004 24 May 2005 246 days [14]
Bahrin Abdullah 29 May 2010 22 October 2015 5 years, 146 days [15]
Hisham Mohd Hanifah 22 October 2015 30 January 2018 2 years, 100 days [16]
Amin Liew Abdullah
Ahmaddin Abdul Rahman 30 January 2018 7 June 2022 4 years, 128 days [17]
Abdul Manaf Metussin 20 September 2018 7 June 2022 3 years, 260 days [18]
Khairuddin Abdul Hamid 7 June 2022 incumbent 3 years, 331 days [19]
Pengiran Zety Sufina
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See also

Notes

  1. [a]
    The official Malay name upon the appointment was Dato Seri Setia Dr. Awang Haji Mohd. Amin Liew bin Abdullah.[2]
  2. [b]
    The official Malay name upon the appointment was Awang Haji Khairuddin bin Haji Abdul Hamid.[2]
  3. [c]
    The official Malay name upon the appointment was Pengiran Hajah Zety Sufina binti Pengiran Dato Paduka Haji Sani.[2]
  4. [d]
    ≈US$718 million as of July 2022[7]

References

External links

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