Bandar seri begawan: The sitting also approved the Resolution under Section 4(2) of the Development Fund Act, Chapter 136. The Resolution under Section 4(2) of the Development Fund Act, Chapter 136 for a sum amounting 480 million Brunei dollars to be allocated, approved and requested from the Development Fund for specific purposes in the Development Expenditure 2026/2027, was proposed by the Minister at the Prime Minister's Office and Second Minister of Finance and Economy.
According to Radio Television Brunei, the approval of this substantial allocation is a significant step towards addressing the financial needs for the upcoming development projects planned for the 2026/2027 period. The Minister's proposal highlighted the necessity of these funds to ensure the successful execution of various initiatives under the Development Expenditure plan.
The approved resolution underscores the government's commitment to fostering growth and sustainability through strategic financial planning. This decision is expected to facilitate the smooth implementation of critical projects that are projected to enhance infrastructure and economic development in the country.