2020 deficit to rise to record S$39.2b, but Singapore’s fiscal position remains robust

The Business Times | Mar 27, 2020 at 12:00 AM
  • SINGAPORE’S overall budget deficit for financial year 2020 will rise to a record S$39.2 billion, or 7.9 per cent of gross domestic product (GDP), as the government rolls out a massive support package to save the economy, but the country’s fiscal standing remains solid, say analysts.