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; 41 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	28 years, 177 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	7 years, 201 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]
	Abdul Rahman Ibrahim	20 September 2004	24 May 2005	246 days	[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	3 years, 73 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]