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BUDGET BOOK: REVENUE AND SPENDING

Singapore Budget deficit of S$3.5 billion expected for FY19

But economists are not surprised, and say the current term of govt can easily afford to spend more

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A larger budget deficit of S$3.48 billion is expected for FY19, with expenditure expected to increase, Minister for Finance Heng Swee Keat announced on Monday.

Singapore

A LARGER budget deficit of S$3.48 billion is expected for FY19, with expenditure expected to increase, Minister for Finance Heng Swee Keat announced on Monday.

Despite being the biggest deficit in dollar terms since FY15's S$4.05 billion, the FY19 deficit amounting to 0.7

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