SINGAPORE: Singapore will post its biggest budget deficit since at least 1997, pledging S$6.4bil (US$4.6bil) in dedicated support for an economy being slammed by the (Covid-19) coronavirus outbreak.
The deficit will widen to 2.1% of gross domestic product in the year through March 2021 from a projected 0.3% in the current fiscal year, Finance Minister Heng Swee Keat said Tuesday (Feb 18) in Parliament.
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