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Singapore Budget 2016: Winners and Losers

  • GDP Seen Staying in 1%-3% Range for 2016, vs 2% for 2015
  • SMEs, Technology, Infrastructure, Charities Take The Trophy

In a step toward boosting economic expansion and innovation, Singapore Finance Minister Heng Swee Keat announced that he expects GDP to stay in the 1 percent to 3 percent range after growth fell to 2 percent last year from 3.3 percent in 2014 as "strong headwinds" are expected from the weakness in the global economy.

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