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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
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Nisha Ramchandani
Published Mon, Feb 23, 2015 · 09:50 PM
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.
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