文莱达鲁萨兰国：独立提案将文莱达鲁萨兰从当前的12个月周期调整到24个月的第四条文章磋商周期

Core Insights - The report proposes adjusting Brunei Darussalam's consultation cycle from 12 months to 24 months, enhancing the dialogue and support for policy reforms [3][4][8] - Brunei's economy remains resilient, supported by ample buffers and prudent macroeconomic policies, with a stable outlook and balanced risks [3][7] - The transition to a longer consultation cycle will allow sufficient time for the implementation of identified policy reform priorities [8][10] Recent Developments - Brunei's economic resilience is attributed to strong buffers and ongoing prudent macroeconomic policies, with a stable outlook and balanced risks [3][7] - The country meets all criteria for transitioning to a 24-month consultation cycle, with limited external spillover potential and no outstanding credit to the IMF [7][9] Economic and Financial Indicators - As of 2023, Brunei's nominal GDP is projected at 20,274 million Brunei dollars, with a per capita nominal GDP of 33,581.1 USD [12] - The unemployment rate stands at 5.1%, with a labor force participation rate of 67.2% [12] - Oil production is expected to average 74 thousand barrels per day in 2023, with natural gas production at 1,214 million British thermal units per day [12] Policy Recommendations - The report emphasizes the need for structural reforms to diversify the economy and reduce reliance on oil and gas [14][16] - Fiscal policies should focus on maintaining prudent stances while protecting vulnerable groups and public investments [14][16] - Enhancing revenue generation capabilities through targeted measures, including a low-rate carbon tax and subsidy rationalization, is recommended [14][16]