10th Brunei National Development Plan: Towards Accelerating Economic Growth
BANDAR SERI BEGAWAN Monday, February 29, 2016 THE first National Development Plan (NDP) in 1953 was implemented with budget allocation of BND$100 million. Since then funds allocated have gradually increased from one plan to the next, demonstrating the government’s strong commitment towards ensuring that development in the Sultanate is well on track for a sustainable economic growth and social prosperity. Theme of 10th National Development Plan The 10th NDP constitutes the second five year NDP in Brunei’s long-term development plan as laid out in the Outline Strategy and Policy for Development (OSPD) 2007 to 2017. In line with the OSPD, the 10th NDP carries the theme “Knowledge and Innovation, Enhancing Productivity and Accelerating Economic Growth”. With this theme, the 10th NDP will focus on efforts towards accelerating the national economic growth. A higher growth rate would help Brunei gain higher incomes and speed up development. It would also gene