(February 21 12:43) Sbr.com.sg
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.
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