Singapore government expected a budget surplus of 1.27 billion Singapore dollars (1.01 billion U.S. dollars) for the fiscal year 2012, local daily Lianhe Zaobao reported on Sunday.
The expected budget surplus is equivalent to about 0.4 percent of the city state's gross domestic product.
Deputy Prime Minister and Finance Minister Tharman Shanmugaratnam said the government expected the operating revenue to increase by 5.1 percent to 53.08 billion Singapore dollars (42. 13 billion U.S. dollars) in 2012. Full story
