SINGAPORE: Singapore is budgeting for a "small surplus” of S$0.8 billion (S$1=RM3.55) for the financial year 2024, or 0.1 per cent of the country’s gross domestic product (GDP), which is essentially a balanced fiscal position, said Deputy Prime Minister and Finance Minister Lawrence Wong.
"The overall stance is appropriate, as we are providing targeted support for households and businesses, even as the economy is projected to operate at around potential,” he said when delivering the 2024 Budget Statement today in Parliament.
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