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.[2] 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.
| Kementerian Kewangan dan Ekonomi | |
 National emblem of Brunei | |
 Ministry of Finance and Economy building | |
| Ministry overview | |
|---|---|
| Formed | 1 January 1984 |
| Jurisdiction | Government of Brunei |
| Headquarters | Bandar Seri Begawan, Brunei 4°55′19″N 114°57′07″E / 4.921924123946902°N 114.95185178403685°E |
| Employees | 1,917 (2024)[1] |
| Annual budget |  $1 billion BND (2022) |
| Ministers responsible |
|
| Deputy Ministers responsible |
|
| Website | www |
| Footnotes | |
| [2][3][4][5] | |
Departments
editThe 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
editIn 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.[3]
List of ministers
editFirst minister
edit| 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 | 27 years, 321 days | [8][10] |
Second minister
edit| 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 | 6 years, 345 days | [11] |
Deputy minister
edit| 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] | |
|
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 | 2 years, 216 days | [19] |
|
Pengiran Zety Sufina |
See also
editNotes
edit- ^ The official Malay name upon the appointment was Dato Seri Setia Dr. Awang Haji Mohd. Amin Liew bin Abdullah.[5]
- ^ The official Malay name upon the appointment was Awang Haji Khairuddin bin Haji Abdul Hamid.[5]
- ^ The official Malay name upon the appointment was Pengiran Hajah Zety Sufina binti Pengiran Dato Paduka Haji Sani.[5]
- ^ ≈US$718 million as of July 2022[7]
References
edit- ^ "PERANGKAAN PERKHIDMATAN AWAM SEHINGGA 31 MAC 2024 MENGIKUT KEMENTERIAN" (PDF). Public Service Department (in Malay). 31 March 2024. Retrieved 22 December 2024.
- ^ a b Menon 1987, p. 92.
- ^ a b Haris, Nabilah (27 February 2022). "MoFE proposes $1 billion budget for upcoming fiscal year". The Scoop. Archived from the original on 27 February 2022. Retrieved 21 July 2022.
- ^ The Scoop (7 June 2022). "HM announces major cabinet shakeup — full list of appointees". The Scoop. Archived from the original on 2 July 2022. Retrieved 21 July 2022.
- ^ a b c d Ali Rahman, Muhammad Khairulanwar (8 June 2022). "Perlantikan, Pertukaran Menteri Kabinet, Timbalan Menteri" (PDF). Pelita Brunei (in Malay). No. 67 #69. pp. 3–4. Retrieved 21 July 2022.
- ^ "Ministry of Finance and Economy - Departments". www.mofe.gov.bn. Retrieved 22 July 2024.
- ^ "1,000,000,000 BND to USD - Bruneian Dollars to US Dollars Exchange Rate". XE.com. Retrieved 21 July 2022.
- ^ a b c "Ministry of Finance". The Government of Brunei Darussalam Official Website. Archived from the original on 6 July 2011. Retrieved 27 October 2010.
- ^ Kumpulan Titah: Kebawah Duli Yang Maha Mulia Paduka Seri Baginda Sultan Haji Hassanal Bolkiah Mu’izzaddin Waddaulah, Sultan dan Yang Di-Pertuan Negara Brunei Darussalam Tahun 1984, 1985, 1986 dan 1987 (PDF) (in Malay). Jabatan Penerangan. 2017. p. 105. ISBN 978-99917-49-94-5.
- ^ "Group of 30 :: Resources". group30.org.
- ^ a b Scoop, The (30 January 2018). "HM announces surprise cabinet reshuffle - full list of new appointees". The Scoop. Retrieved 30 December 2022.
- ^ "Sultanate – News | Negara Brunei Darussalam | His Majesty pays last respects to late Pehin Dato Hj Awg Ahmad Wally Skinner". www.sultanate.com. Retrieved 16 August 2023.
- ^ "Ministry of Finance". The Government of Brunei Darussalam Official Website. Archived from the original on 6 July 2011. Retrieved 27 October 2010.
- ^ Brunei Darussalam. Broadcasting and Information Department, Ministry of Culture, Youth and Sports. 2003. p. 9.
- ^ "Ucapan Setinggi-tinggi Tahniah" (PDF). Ministry of Development Negara Brunei Darussalam. pp. 1–2. Retrieved 14 August 2023.
- ^ Hennida, Citra; Wardhana, Agastya; Sahab, Ali; Saadah, Kholifatus; Pratiwi, Fadhila Inas; Ratmoko, Eko (22 December 2020). Respons Negara-Negara Asia Tenggara Terhadap Dominasi China (in Indonesian). Airlangga University Press. p. 204. ISBN 978-602-473-670-5.
- ^ "SCENE SETTING SPEAKER IN "THE ROLE OF FINANCIAL LITERACY IN ASEAN'S ECONOMIC PROSPERITY" PANEL DISCUSSION". ASEAN BAC. 2022.
- ^ Azmi, Azrol (3 October 2018). "Sultan attends swearing-in ceremony of deputy ministers". Borneo Bulletin Online. Archived from the original on 3 October 2018. Retrieved 6 September 2024.
- ^ Bandial, Rasidah Hj Abu Bakar, Ain (7 June 2022). "HM: New cabinet must carry out duties with 'full loyalty and responsibility'". The Scoop. Retrieved 14 September 2023.
{{cite web}}: CS1 maint: multiple names: authors list (link)
- Menon, K.U. (1987). "BRUNEI DARUSSALAM IN 1986: In Search of the Political Kingdom". Southeast Asian Affairs. 1987: 85–101. doi:10.1355/SEAA87F. JSTOR 27908570.
External links
edit
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