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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
Add BT as a preferred sourcePublished Tue, May 26, 2020 · 09:50 PM
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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 threatened given its massive reserves, analysts say.
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