You are here

Budget 2016: FY2015 Budget expected to record S$4.9b deficit

Thursday, March 24, 2016 - 17:19

BusinessRiver240316.jpg
The Budget for Financial Year 2015 is expected to record a deficit of S$4.9 billion, or 1.2 per cent of Singapore's gross domestic product (GDP), said Finance Minister Heng Swee Keat in Parliament on Thursday.

THE Budget for Financial Year 2015 is expected to record a deficit of S$4.9 billion, or 1.2 per cent of Singapore's gross domestic product (GDP), said Finance Minister Heng Swee Keat in Parliament on Thursday.

This is lower than the deficit of S$6.7 billion (1.7 per cent of GDP) that was budgeted a year ago, said Mr Heng.

sentifi.com

Market voices on:

Nespresso
Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at btsub.sg/btdeal

Powered by GET.comGetCom