S$6.67b FY15 forecast deficit to fund future investments

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.