Brunei records highest economic growth rate since 1999

BSS
Published On: 02 Mar 2025, 10:28

BANDAR SERI BEGAWAN, March 2, 2025 (BSS/XINHUA) - Brunei achieved a 4.2-
percent economic growth in 2024, its highest growth rate since 1999, Haji
Mohd Amin Liew Abdullah, Brunei's minister at the Prime Minister's Office and
second minister of Finance and Economy, has said.

The minister made the remarks during a speech at a session of the 21st
Legislative Council meeting on Saturday.

He added that the unemployment rate in 2024 dropped to a record low of 4.8
percent, the lowest since 1991. For 2025, Brunei's economy is projected to
rise between 2.4 and 3.4 percent.

Meanwhile, he announced that the Ministry of Finance and Economy had proposed
a budget of 6.35 billion Brunei dollars (4.71 billion U.S. dollars) for the
fiscal year 2025-26, compared to last fiscal year's 6.25 billion Brunei
dollars (4.63 billion dollars).

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