Singapore Budget 2015: "Very small" deficit of S$0.1 billion expected
For more stories, analysis and infographics on Singapore Budget 2015, head to btd.sg/budget_15.
SINGAPORE is expected to have a "very small" deficit of S$0.1 billion for financial year 2014, and this is close to a balanced position, Deputy Prime Minister and Finance Minister Tharman Shanmugaratnam said on Monday as he opened his Budget 2015 speech in Parliament.
This amount is lower than the government's earlier estimate a year ago of an overall deficit of S$1.2 billion, or 0.3 per cent of gross domestic product. For FY2013, Singapore recorded an overall surplus of S$3.9 billion, or 1.1 per cent of GDP.
READ MORE: Jubilee Budget to tackle future challenges; Budget of celebration and challenges
INFOGRAPHICS: What Budget 2015 may bring; Snapshot of the Singapore economy
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Economy & Policy
Global wave of consultancy layoffs has not hit Singapore
Daily Debrief: What Happened Today (Apr 19)
An economy transformed: Lee Hsien Loong’s 20 years as Singapore’s Prime Minister
Daily Debrief: What Happened Today (Apr 18)
Singapore’s first RoboCluster launched for facilities management, to turn R&D into market solutions
Daily Debrief: What Happened Today (Apr 17)