Transcript state economy

STATE OF BRUNEI
DARUSSALAM’S ECONOMY
CONTENTS
•Brunei Darussalam’s National
Development Plans
•The Socio-Macroeconomic
Performance of Brunei Darussalam
NATIONAL DEVELOPMENT PLANS
Economic diversification,
Provision of Infrastructure and social
development
19531958
19621966
19751979
19801984
19861990
19911995
19962000
Long-Term Objectives
Provision of basic
infrastructure
development
Economic diversification
Infrastructure and Social development
Macroeconomic stability
20012005
9 Long Term Development Objectives (1986-2005)
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Improve the quality of life;
Maximize (optimize) the economic utilization of national
resources;
Develop new export-oriented and import substitution
industries;
Accelerate human resources development to meet the
demand of an increasingly sophisticated economy;
Maintain full employment and increase productivity level;
Maintain a moderate rate of inflation;
Foster a dynamic, disciplined and caring society with its
citizens as agents for progress and development;
Encourage and nurture the development of “Rakyat Melayu”
as leaders of industry and commerce; and
Have a clean and healthy environment.
Emphasis in the 8th NDP
Strengthen
the Government Financial and Administrative
Systems
Widen Economic Base and its Growth
Strengthen the Private Sector
Update and Simplify Procedures to Stimulate Economic
Growth
Widen ICT Application
Upgrade Services and Infrastructural Facilities
Human Resource Development
Ensure the well-being of the people
Strengthen the Government Financial
and Administrative Systems
1. Review of Government expenditures &
budgeting system


Prioritization of National Development Projects
National Audit Committee
2. Alternative means of financing development
programmes and projects

Public-private partnership
3. Corporatisation and Commercialisation of
Government Agencies & Activities
Widen Economic Base and its Growth
6 PROMOTED SECTORS
 Halal Products
 Transhipment Activities
 Tourism Industry
 Downstream Oil & Gas Related
Activities
 Brunei International Financial Centre
 Info-Communication Technology
Strengthen the Private Sector
1.
2.
3.
4.
Expand the size of the Private Sector
• Corporatisation/Privatisation
• Foreign Direct Investment
Encourage Local and Foreign
Investment
Improve Investment Climate
Enhance Small and Medium
Enterprises’ Involvement and
Capability
Update and Simplify Procedures to
Stimulate Economic Growth
Enhancing Industrial and Investment Climate
• Industrial Coordination Order 2001
• The Investment Incentives (Amendment) Order
2001
• The Economic Development Board
(Amendment) Order 2001
• The Income Tax (Amendment) Order 2001
• Industrial Land Ownership and Lease Policy
Widen ICT Application
1.
Brunei Darussalam National IT Council
(BIT Council)
•
2.
National IT Strategic Plan, “IT 2000 and Beyond”.

E-Brunei:Paperless or Information Society

e-Government

e-Business
The AITI Order, 2001 established the
Authority for Info-communications
Technology Industry of Brunei
Darussalam (AITI).
Upgrade Services and
Infrastructural Facilities
1.
2.
3.
4.
ICT Infrastructure and Facilities
Industrial Infrastructure and
Facilities
Tourism Infrastructure
Transport & Communications
Infrastructure
Human Resource Development
1.
2.
3.
4.
5.
HRD National Policy and Plan
HRD Fund (BND250 million)
• Specialists & Professional Manpower
Programme;
• Special Scholarship Programme
• Entrepreneurship Development Programme;
• Skill Development Scheme
LiveWIRE Programme
Apprenticeship Training Scheme under
Department of Technical Education
In-House Training-Civil Service Institute, ASEANEC Management Centre, Resource & Standards
Centre and Youth Development Centre
Ensure the well-being of the people
 National
Housing
 Government Housing
 Public Facilities- Sport, Community
Development Facilities
 Health Care Facilities
 Water Supply
 Electricity Supply
THE SOCIO-MACROECONOMIC
PERFORMANCE OF
BRUNEI DARUSSALAM
Real GDP Growth Rates (2001-2006*)
%
6
5.1
5
3.9
4
3
2.9
2.7
2
0.5
1
0.4
Source: JPKE
2006
2005
2004
2003
2002
2001
0
Sectoral Contribution To Real GDP
100.0
90.0
PRIVATE
80.0
70.0
GOVERNMENT
60.0
50.0
%
40.0
57.5%
54.4%
30.0
OIL & GAS
20.0
10.0
0.0
PRIVATE
GOVT
OIL
2000
2001
2002
2003
2004
2005
2006
27.2
15.3
57.5
28.0
15.9
56.1
28.7
15.6
55.8
28.3
15.1
56.6
28.8
15.5
55.7
30.1
15.9
54.1
29.2
16.4
54.4
Investment by Major Sources
(2001 & 2006) [BND Million]
Private Local
1500
1000
Total Investment in
2001 = BND1,290.2 Million 500
1035.2
Total Investment in
289.5 2006 = BND1724.4 Million
0 0
57.5
689.2
Government
943.2
FDI
2001
2006
Foreign Direct Investment by
Country of Origin (2001 & 2006)
2006
Others
37.9%
Total FDI in 2001 =
BND943.2 Million
China
1.1%
2001
United
Kingdom
25.8%
Netherlan
ds
69.2%
ASEAN
2.2%
Japan
0.8%
South Korea
0.1%
South
Korea
0.0%
ASEAN
2.0%
Others
2.2%
China
0.0%
Japan
8.1%
Netherlands
0.0%
United
Kingdom
50.6%
Total FDI in 2006 =
BND689.2 Million
Crude Oil Price & Production
US$69.59
70
215000
60
205000
40
200000
30
US$24.67
195000
20
190000
10
185000
0
180000
2001
2002
2003
Brunei's Oil Production
2004
2005
2006
Brunei's Oil Price
Oil Production (b/d)
210000
50
Oil Price (US$)
220000
External Trade Performance
14000
12000
BND (MILLION)
10000
8000
6000
4000
2000
BALANCE
2006: 96 % of export was oil and gas
IMPORT
EXPORT
2006
2005
2004
2003
2002
2001
0
Imports by Major Commodities
2001 = BND2,045.76
Misc
Manufacture
d goods
11%
Machinery &
Transport
31%
Others
0%
Food &
Beverages
18%
5% pa increase
2006 = BND2,658.5
Crude
Materials
1%
Mineral Fuels
0%
Manufactured
Goods
31%
Chemicals
Misc
8%
Manufactured
goods
10%
Others
0%
Food &
Crude Materials
Beverages
1%
17% Mineral Fuels
2%
Chemicals
10%
Machinery &
Transport
36%
Manufactured
Goods
24%
Current Account Balance
70.0
9000
8000
60.0
7000
50.0
5000
40.0
4000
30.0
3000
20.0
2000
10.0
1000
-
0
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
% GDP
B$Million
6000
Government Finance
9,000.00
BND Million
7,000.00
5,000.00
3,000.00
1,000.00
-1,000.00
2001
2002
Total Revenue
2003*
2004*
Total Expenditure
2005*
Surplus/Deficit
2006
Employment in the Private Sector by
Occupation (2001 & 2005)
Total Employees =
98,372 persons
2001
Legislators &
Administrator
s
10%
Professionals
5%
Total Employees =
106,820 persons
2005
Technicians
7%
Cleaners &
Labourers
26%
Legislators &
Administrator
9%
Technicians
7%
Clerical
6%
Cleaners &
Labourers
30%
Service,
Production &
Operators
42%
Professionals
7%
Service,
Production &
Operators
45%
Clerical
6%
2005
Population = 370,100 persons
Labour force = 169,200 persons
LFPR = 70.0 %
Unemployment Rate
8
7
7.2
6
4.5
4.3
5
4
3
3.5
3.5
2
1
0
2001
2002
2003
2004
2005
Changes in Consumer Price Indices
%
1.5
1.2
0.9
1.0
1
0.6
0.3
0.5
0.2
-1
-1.5
-2
-2.3
-2.5
2006
2005
2004
2003
2002
2001
-0.5
2000
0
Selected Socio-economic Indicators
INDICATORS
1991
Latest
25,400
49,400 (06)
Changes in Consumer Price Index
1.6
0.2 (06)
Literacy Rate
89.2
93.7 (01)
Life Expectancy - Male
- Female
72.1
76.5
74.2 (05)
77.3 (05)
Infant Mortality Rate/1,000 live births
11.1
7.4 (05)
Household Access to Clean Water (%)
97.3
99.9 (05)
78
92 (01)
35 (98)
34 (06)
Per Capita GDP (BND)
Household Access to Sanitation (%)
UNDP HDI Ranking
TERIMA KASIH
www.depd.gov.bn