RTTNews, 18 Feb 2011
(RTTNews) - Singapore's budget deficit is now expected to be close to a balanced position in the financial year 2010, Finance Minister Tharman Shanmugaratnam said in his budget speech in Parliament on Friday.
Given the much improved economic performance, the deficit is seen at S$0.3 billion or 0.1% of GDP in FY 2010. The government had originally estimated an overall budget deficit of S$3 billion or about 1% of GDP. Full story
