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Govt projects $1.16b deficit for FY2014

Deficit factors in $8b Pioneer Generation Fund, and includes estimated net investment returns contribution of $8.1b

IF an overall budget deficit of $1.16 billion materialises in FY2014 as projected, it would mark the first time since 2009 that Singapore would run a shortfall. The estimated deficit - which works out to 0.3 per cent of gross domestic product - blew private sector economists' projections out of

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