Economics

Singapore Plans Biggest Budget Gap in Over Two Decades

Government outlines S$6.4 billion in support to cushion growth
Budget deficit to widen to 2.1% of GDP in coming fiscal year

Feb. 17: Singapore Cuts Growth Outlook, Plans Stimulus

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By Michelle Jamrisko and Faris Mokhtar

February 18, 2020 at 7:18 AM UTC

Corrected

February 20, 2020 at 10:10 AM UTC

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Singapore will post its biggest budget deficit since at least 1997, pledging S$6.4 billion ($4.6 billion) in dedicated support for an economy being slammed by the coronavirus outbreak.