Oiling the wheels: Page 22OBGplus
As oil and gas exports form the backbone of the economy, Brunei Darussalam is susceptible to volatility in energy prices, although the government minimises this with a conservative fiscal policy. The budget surplus totalled $2.82bn in 2013, and the IMF has forecast an average real growth rate of 4.5% from 2014 to 2019. Petrochemicals and infrastructure projects are expected to be the main drivers of growth. Brunei Darussalam in figures Bright future: The country is well positioned to take advantage…
