The Ministry of Finance and Economy of Brunei is a department of the Government of Brunei in charge of financial stability of Brunei
After Brunei Darussalam has gained its independence on 1st January 1984, the former "Pejabat Treasury" was renamed as Finance Department / Treasury Department.
Treasury Department adheres to the regulation referred to as "The 1983 Financial Regulation". Subsequent Official Circulars issued by The Prime Minister's Office and The Ministry of Finance and Economy are also referred to as part of the regulation.
From 2004 onwards, Financial Year was changed from 1st January until 31st December to 1st April until 31st March the following year. Closing of the Accounting Year are done at the end of the Financial Year where every Ministries and Departments submit all payment vouchers for the year to Treasury Department before mid March of that year.
His Majesty is the Prime Minister, Minister of Defence, Minister of Finance and Economy, and Minister of Foreign Affairs.
As the Sultan and Yang Di-Pertuan of Brunei Darussalam, His Majesty is the Supreme Executive Authority in Brunei Darussalam. In performing his duties, His Majesty is assisted by the following Councils: the Privy Council, the Council of Succession, the Religious Council, the Council of Ministers and the Legislative Council.
His Majesty was born on 15th July 1946 in Brunei Town (now Bandar Seri Begawan).
His Majesty undertook his early education in Brunei Darussalam and then went on to Kuala Lumpur, Malaysia to further his studies. His Majesty trained as an Officer at the Royal Military Academy, Sandhurst (United Kingdom) in 1966-67.
His Majesty was installed as The Crown Prince in 1961 at the age of 15. Following the voluntary abdication of his late father, Al-Marhum Sultan Haji Omar ‘Ali Saifuddien Sa’adul Khairi Waddien, His Majesty was proclaimed as the Sultan of Brunei Darussalam on 5th October 1967.
His Majesty was crowned as the 29th Sultan and Yang Di-Pertuan of Brunei Darussalam on 1st August 1968.
In 1978, His Majesty led a Mission to London for discussions with Her Britannic Majesty’s Government on the change of status of Brunei Darussalam to that of a sovereign, independent state. The outcome was the Treaty of Friendship and Co-operation between Brunei Darussalam and Great Britain under which the British Government relinquished its responsibilities for the conduct of Brunei Darussalam’s Foreign Affairs and Defence on 1st January 1984.
His Majesty is married to Her Majesty the Duli Raja Isteri Pengiran Anak Hajah Saleha. His Majesty has five princes and seven princesses.
His Majesty plays polo, squash and badminton. He is also a qualified pilot of both aeroplanes and helicopters.
His Majesty holds the Sovereign and Chief of the Family Order of the Crown of Brunei (Darjah Kerabat Mahkota Brunei - DKMB) as well as other orders of Brunei Darussalam. In addition, His Majesty has also received foreign orders and decorations.
