Government balance to remain in “healthy surplus” in 2020

Submitted By:  Clarist Zablan Case Study:  No The city’s public finances remain sound despite a higher budget deficit. The general government balance is expected to remain in a “healthy surplus” and above 0.5% of the GDP in 2020, according to estimates from Fitch Ratings. This includes contributions to and payouts from the Central Provident Fund, as well as receipts from land sales. read more