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7th Asean Finance Ministers’ and Central Bank Governors’ Meeting and Related Meetings, (Virtual)

30 Mac 2021

The 7th ASEAN Finance Ministers’ and Central Bank Governors’ Meeting (AFMGM) was convened virtually on Tuesday, 30 March 2021. Preceding this Meeting were the ASEAN Finance Ministers’ and Central Bank Governors’ Meeting with Heads of International Financial Institutions (AFMGM-IFIs) and the 25th ASEAN Finance Ministers’ Meeting (AFMM).

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BND5.86 billion: Proposed budget for financial year 2021-2022

18th March 2021

The proposed budget for financial year 2021-2022 is estimated to be BND5.86 billion, similar to the previous financial year (2019-2020). The government revenue for financial year 2021-2022 is projected to be BND2.61 billion and the nation will record a budget deficit of BND3.25 billion.

This was highlighted by Minister at the Prime Minister’s Office and Minister of Finance and Economy II Yang Berhormat Dato Seri Setia Dr Awang Haji Mohd Amin Liew bin Abdullah

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Retired civil servants feted

7th March 2021

Forty-eight retired officers and staff of the Ministry of Finance and Economy received recognition for their services in a ceremony yesterday.

Deputy Minister of Finance and Economy (Fiscal) Dato Seri Paduka Awang Haji Ahmaddin bin Haji Abdul Rahman presented retirement souvenirs to recipients who retired in 2020.

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ARTICLES

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Vendor Clinic Remains Open to Address Issue of Late Payments

The Vendor Clinic introduced by the Treasury Department, Ministry of Finance since 25th April 2016 is still operational and open to vendors who wish to find out about the payment process or making inquiries and complaints about delayed payments for the supply and service provision to the Government.

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Ministry Of Finance Income Tax Board of Review

In February 2017, the Income Tax Board of Review (ITBOR) was established under the Income Tax Act, Chapter 35. The ITBOR has been formed specifically to serve the interest of Companies that are subjected to corporate tax under the Companies Act with the aim to facilitate the administration and operation of taxation in Brunei Darussalam.

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World Class Refinery and Integrated Petrochemical Complex at PMB Begins to Take Shape

BRUNEI Darussalam's conducive and pro-business environment continue to become one of the main factors that attracts foreign investors to consider setting up base in the country.

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