Singapore’s government expenditure may increase to 17.3 percent of gross domestic product in the year starting April 1 from 17.0 percent in fiscal 2015, according to Joseph Incalcaterra, an economist at HSBC Holdings Plc. Government spending has become a bigger driver of growth in recent years, he wrote in a research note this week. The nation will unveil its 2016 budget on March 24.
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