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Smaller deficit of S$1.65b for FY2019

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Singapore is expected to register a budget deficit of S$1.65 billion for FY19, equal to 0.3 per cent of gross domestic product (GDP).

Singapore

SINGAPORE is expected to register a budget deficit of S$1.65 billion for FY19, equal to 0.3 per cent of gross domestic product (GDP).

The deficit is significantly lower than the S$3.48 billion deficit estimated a year ago, which would have been the largest since 2015....