SINGAPORE: The Singapore government is expected to record an overall surplus of S$3.9bil for financial year 2013, higher than the surplus of S$2.4bil budgeted a year ago.
Some expenditures were lower than expected. For instance, there were unexpected delays in the building of the Downtown Line due to the insolvency of one of the contractors, said Deputy Prime Minister and Finance Minister Tharman Shanmugaratnam, as he delivered the Budget statement in Parliament yesterday.
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