Economic Blueprint for Brunei Darussalam.

This Economic Blueprint is a nationwide multisectoral document aiming to steer the country towards realizing the Brunei Vision 2035’s Goal 3, a Dynamic and Sustainable Economy. This goal can be achieved through Six Aspirations that together, form the ecosystem of the economy which will ensure sustainable development, to be implemented through economic diversification and a robust private sector, crucial for a strong and resilient economy. In this contest, skilled and innovative people and high-quality infrastructure will allow the country to compete on a regional and global level, as well as attract quality investment. Good governance and excellent public sector service delivery on the other hand will further support Brunei Darussalam’s efforts to develop its economy. Finally, for growth to be sustainable, the country’s natural environment has to be protected through the promotion of environmentally friendly initiatives. To this, five priority sectors, among other emerging sectors, have been identified that will spearhead the development of Brunei Darussalam's Non-Oil and Gas Sector, thereby contributing to the country’s economic diversification efforts, they are (1) downstream oil and gas; (2) Food; (3) Tourism; (4) info-communications; (5) technology (ICT) and services. In achieving the abovementioned objectives, four main macroeconomic goals are intended, as follows 91) high and sustainable economic growth which is not affected by any economic uncertainties; (2) economic diversification which is to increase the contribution of the Non-Oil and Gas Sector; (3) macroeconomic stability which is among others moderate inflation, fiscal sustainability and trade surplus; and (4) low unemployment rate.
To preserve the environment, identified strategic priorities are as follows (i) promote the preservation of the environment by ensuring that natural assets and resources are well-preserved; (ii) promote economic growth through green growth initiatives and sustainable Blue Economy; (iii) invest and promote sustainable businesses and technology not only to increase productivity but also to conserve the environment.