Ministry of Finance and Economy (Brunei)

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.

Ministry of Finance and Economy

Kementerian Kewangan dan Ekonomi
National emblem of Brunei
Ministry of Finance and Economy building
Ministry overview
Formed	1 January 1984; 40 years ago (1984-01-01)
Jurisdiction	Government of Brunei
Headquarters	Bandar Seri Begawan, Brunei 4°55′19″N 114°57′07″E
Employees	1,917 (2024)[1]
Annual budget	$1 billion BND (2022)
Ministers responsible	Sultan Hassanal Bolkiah, Minister of Finance and Economy Mohd. Amin Liew Abdullah[a], Second Minister of Finance and Economy (also Minister at the Prime Minister's Office)
Deputy Ministers responsible	Khairuddin Abdul Hamid[b], Deputy Minister of Finance and Economy Pengiran Zety Sufina Pengiran Sani[c], Deputy Minister of Finance and Economy
Website	www.mofe.gov.bn
Footnotes
[3][4][5][2]

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

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, 304 days	[8][10]

Second minister

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, 328 days	[11]

Deputy 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]
	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, 199 days	[19]
	Pengiran Zety Sufina

See also

• Brunei Darussalam Central Bank

Notes

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

References

1. "PERANGKAAN PERKHIDMATAN AWAM SEHINGGA 31 MAC 2024 MENGIKUT KEMENTERIAN" (PDF). Public Service Department (in Malay). 31 March 2024. Retrieved 22 December 2024.
2. 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.
3. Menon 1987, p. 92.
4. 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.
5. 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.
6. "Ministry of Finance and Economy - Departments". www.mofe.gov.bn. Retrieved 22 July 2024.
7. "1,000,000,000 BND to USD - Bruneian Dollars to US Dollars Exchange Rate". XE.com. Retrieved 21 July 2022.
8. "Ministry of Finance". The Government of Brunei Darussalam Official Website. Archived from the original on 6 July 2011. Retrieved 27 October 2010.
9. 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.
10. "Group of 30 :: Resources". group30.org.
11. Scoop, The (30 January 2018). "HM announces surprise cabinet reshuffle - full list of new appointees". The Scoop. Retrieved 30 December 2022.
12. "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.
13. "Ministry of Finance". The Government of Brunei Darussalam Official Website. Archived from the original on 6 July 2011. Retrieved 27 October 2010.
14. Brunei Darussalam. Broadcasting and Information Department, Ministry of Culture, Youth and Sports. 2003. p. 9.
15. "Ucapan Setinggi-tinggi Tahniah" (PDF). Ministry of Development Negara Brunei Darussalam. pp. 1–2. Retrieved 14 August 2023.
16. 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.
17. "SCENE SETTING SPEAKER IN "THE ROLE OF FINANCIAL LITERACY IN ASEAN'S ECONOMIC PROSPERITY" PANEL DISCUSSION". ASEAN BAC. 2022.
18. 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.
19. 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

• Official website