FY2020 budget deficit is a whopping $64.9 billion or 13.9% of GDP.

 

FY2020 budget deficit is a whopping $64.9 billion or 13.9% of GDP.

For FY2021, the budget position remains expansionary as the Government continues to tide Singaporeans and our businesses over this crisis with the COVID-19 Resilience Package. An overall deficit of $11 billion or 2.2% of GDP is expected.

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