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International

SINGAPORE BUDGET 2021: FISCAL POSITION
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FY2021 Budget deficit to narrow to S$11.01b

Deficit amounts to 2.2% of GDP and will be Singapore's third consecutive deficit

Published Wed, Feb 17, 2021 · 05:50 AM
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Singapore

FOLLOWING the extensive spending in FY2020 to support the ailing economy amid the Covid-19 crisis, a narrower budget deficit of S$11.01 billion is expected for FY2021.

The is in line with expectations of a deficit between S$10 billion and S$12 billion, noted DBS senior economist Irvin Seah.

The deficit amounts to 2.…

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