Singapore Budget 2015: Infrastructure spending to grow by 50 per cent to reach S$30b

Singapore Budget 2015: Infrastructure spending to grow by 50 per cent to reach S$30b

SINGAPORE'S investment in infrastructure development will grow to about S$30 billion by the end of this decade, said Deputy Prime Minister and Finance Minister Tharman Shanmugaratnam on Monday.

This is 50 per cent higher than the S$20 billion to be spent in the coming fiscal year. The country's development expenditure was S$12 billion five years ago. This "major reinvestment" in Singapore's infrastructure, he added, will meet Singapore's future economic and social needs.


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