Singapore Budget 2015: "Very small" deficit of S$0.1 billion expected

Singapore Budget 2015: "Very small" deficit of S$0.1 billion expected

SINGAPORE is expected to have a "very small" deficit of S$0.1 billion for financial year 2014, and this is close to a balanced position, Deputy Prime Minister and Finance Minister Tharman Shanmugaratnam said on Monday as he opened his Budget 2015 speech in Parliament.

This amount is lower than the government's earlier estimate a year ago of an overall deficit of S$1.2 billion, or 0.3 per cent of gross domestic product. For FY2013, Singapore recorded an overall surplus of S$3.9 billion, or 1.1 per cent of GDP.

Get all the updates from Budget 2015 here.


Get the full story from The Business Times.

More about

Purchase this article for republication.

BRANDINSIDER

SPONSORED

Most Read

Your daily good stuff - AsiaOne stories delivered straight to your inbox
By signing up, you agree to our Privacy policy and Terms and Conditions.