Budget deficit hit $1.7b in FY 2019

Submitted By:  Staff Reporter Case Study:  No This translates to 0.3% of the GDP. Singapore’s overall budget deficit hit $1.7b in FY 2019, or 0.3% of the gross domestic product (GDP), deputy prime minister and financial minister Heng Swee Keat revealed during his Budget 2020 speech. Also read: Singapore Budget 2020 Full Coverage: COVID-hit sectors to get $4b; GST hike moved to 2025; more jobs for older workers read more