Channel NewsAsia
Updated: 02/25/2013 23:42 | By Channel NewsAsia

Singapore expects FY2012 Budget surplus of S$3.9b

Singapore expects FY2012 Budget surplus of S$3.9b


Singapore expects FY2012 Budget surplus of S$3.9b

SINGAPORE: Finance Minister Tharman Shanmugaratnam says Singapore’s Budget FY2012 is expected to have a surplus exceeding that estimated a year ago.

Instead of the expected balance of S$1.3b (0.4% of GDP), "we now expect higher surplus of S$3.9b (1.1% of GDP)," says Mr Tharman.

He is presenting Singapore’s Budget FY2013 in Parliament.

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