Singapore News


A Budget deficit of $0.1B is expected for FY2014, smaller than estimated ($1.2B) mainly due to increase in motor-related revenues. Singapore’s GDP growth is expected to remain between 2% to 4% with CPI inflation expecting to remain flat in 2015. Over the past five years, median income grew by a total of 11% after adjusting for inflation. Meanwhile, median household incomes grew at 18%.


Source: MOF  #‎SGBudget2015‬