Budget 2016: FY2015 Budget expected to record S$4.9b deficit

Lee U-Wen

Published Thu, Mar 24, 2016 · 09:19 AM

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.

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International

International

Budget 2016: FY2015 Budget expected to record S$4.9b deficit

Lee U-Wen

International

Laid-back vibe, stunning beaches, rich cuisine and low cost of living lure more expat retirees to Malaysia

Vietnam tycoon appeals against US$27 billion fraud death sentence

US announces new restrictions on firearm exports

Central banks will probably only cut half as much as they hiked

US consumer sentiment falls as inflation expectations climb

HSBC wins £1.3 billion suit over Disney film finance scandal

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