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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

Mr Tharman said "there is no draw on past reserves" to fund the overall deficit in FY15.


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...

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