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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

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Claudia Tan HS

Published Tue, Feb 16, 2021 · 09:50 PM

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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.

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    Ministry of FinanceSingapore Budget 2021

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