The First Meeting of the 14th Legislative Council Session ended today with the Council unanimously approving the National Budget allocation of 5-thousand 300 million dollars or 5 point 3 billion dollars for the Financial Year 2018-2019, which will take effect on the 1st of April this year. The Legislative Council approved the national budget after deliberating for 12 days.
The national budget allocation proposed by Yang Berhormat Dato Seri Paduka Doctor Awang Haji Mohd Amin Liew bin Abdullah, Second Minister of Finance was approved during yesterday morning's session. The Bill to supply the sum from the Collection of Monies of the Consolidated Fund for the service of Financial Year 2018-2019 and to allocate the money for specific purposes is now known as the Supply Act 2018-2019. A certain amount of the allocation will be utilised for the financial service and specific purposes of the 13 ministries and their departments for the Financial Year 2018/2019 and a sum of 900 Million Dollars is allocated for development.
Source: Radio Television Brunei