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More funds likely to boost productivity
Fiona Chan
Fri, Feb 19, 2010
The Straits Times

THE Government is likely to run its third Budget deficit in a row this year, spending $5 billion to $8 billion more than it will earn in tax revenue, economists say.

However, do not hold your breath for a wide spread of goodies.

The money - expected to total more than $40 billion - is likely to be spent on targeted measures to up productivity in the longer term, in line with the Economic Strategies Committee's (ESC) recommendations earlier this month.


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