S$6.67b FY15 forecast deficit to fund future investments
Funds for Changi Airport development, employment credit, productivity and research to take up S$6b
Singapore
AN overall budget deficit of S$6.67 billion, or 1.7 per cent of GDP, is expected for fiscal year 2015 as a hefty S$6 billion is being set aside for future investments.
Half of the S$6 billion will go to the new Changi Airport Development Fund, while significant top-ups are also being made to the Special Employment Credit Fund, National Productivity Fund and the National Research Fund.
Without these funds, the budget for FY15 would otherwise be quite close…
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