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SINGAPORE RESILIENCE BUDGET 2020: FISCAL IMPACT

2020 deficit to rise to record S$39.2b, but Singapore's fiscal position remains robust

Analysts point to several strengths: Republic has strong reserves, it does not have external debt and it is one of only a few countries to enjoy triple-A rating

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Singapore's ability to support the unprecedented deficit and still remain fiscally sustainable has its roots in the disciplined use of past reserves.

Singapore

SINGAPORE'S overall budget deficit for financial year 2020 will rise to a record S$39.2 billion, or 7.9 per cent of gross domestic product (GDP), as the government rolls out a massive support package to save the economy, but the country's fiscal standing remains solid, say...