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SINGAPORE FORTITUDE BUDGET 2020: FISCAL STRENGTH

Singapore's fiscal position strong amid further deficit, reserve draw

Overall budget deficit for FY2020 will increase to S$74.3 billion, or 15.4% of GDP

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Singapore is now dedicating S$92.9 billion or 19.2 per cent of its GDP, to support its people in this battle.

Singapore

AS Singapore incurs a deficit of an unprecedented size and a second draw on its past reserves this financial year, they are necessary to pave the way for recovery and for the economy to emerge stronger.

While the amounts are huge, the country's fiscal position is not...

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