FY2021 Budget deficit to narrow to S$11.01b

Deficit amounts to 2.2% of GDP and will be Singapore's third consecutive deficit

Published Wed, Feb 17, 2021 · 05:50 AM

Singapore

FOLLOWING the extensive spending in FY2020 to support the ailing economy amid the Covid-19 crisis, a narrower budget deficit of S$11.01 billion is expected for FY2021.

The is in line with expectations of a deficit between S$10 billion and S$12 billion, noted DBS senior economist Irvin Seah.

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International

International

FY2021 Budget deficit to narrow to S$11.01b

International

Biden vetoes bid to repeal US labour board rule on contract, franchise workers

Economic leaders of South Korea, Japan, China say FX volatility is a risk

US automakers win extension on use of Chinese graphite in EV tax credits

US service sector contracts in April; price pressures up

Thaksin’s daughter calls central bank independence an ‘obstacle’

US jobs growth slows in April; jobless rate up to 3.9%

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