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Budget 2016: FY2015 Budget expected to record S$4.9b deficit
THE Budget for Financial Year 2015 is expected to record a deficit of S$4.9 billion, or 1.2 per cent of Singapore's gross domestic product (GDP), said Finance Minister Heng Swee Keat in Parliament on Thursday.
This is lower than the deficit of S$6.7 billion (1.7 per cent of GDP) that was budgeted a year ago, said Mr Heng.
- For more Budget stories, go to bt.sg/budget_16. For live analysis by commentators on our blog go to bt.sg/budget2016blog.