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.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
China says Hamas and Fatah express will for reconciliation
US consumer confidence at lowest level since 2022
Record gold prices boost recycling: WGC
Malaysian fast food operator QSR shelves IPO plans amid boycott campaign: sources
WHO warns of bird flu risk spreading to cows outside US
Sri Lanka’s key inflation rate rises to 1.5% in April