Singapore is expected to run a budget surplus of 3.9 billion Singapore dollars (3.1 billion U.S. dollars) for the fiscal year 2013, Deputy Prime Minister and Finance Minister Tharman Shanmugaratnam said on Friday. Delivering the budget speech in the parliament, Tharman said that the surplus is about 1.1 percent of the gross domestic product of Singapore. It is also higher than the budget surplus of 2.4 billion Singapore dollars a year ago. Tharman said the higher surplus was mainly attributable to factors including temporary delays in implementation of public infrastructure projects. Revenues were also boosted by higher vehicle quota premium collections. The stronger fiscal surplus was due mainly to cyclical factors, which would not last. Singapore should see a tighter budget position in the coming years, he said. The Singapore economy grew by 4.1 percent in 2013, compared with the growth of 1.9 percent for 2012. The Ministry of Trade and Industry said it expects the economy to grow by 2-4 percent in 2014. The global outlook is uncertain, with the advanced economies gradually recovering while the emerging economies slowing. But the odds are against a sharp slowdown in the global economy, he said.
GMT 12:09 2018 Monday ,26 November
Black Friday less wild as more Americans turn to online dealsGMT 15:07 2018 Sunday ,18 November
Refugee host countries discuss UNRWA's financial crisisGMT 17:22 2018 Wednesday ,31 October
Russia climbed to 31st place in Doing Business-2019 ratingGMT 16:53 2018 Wednesday ,17 October
"Putin" We need for collective restoration of Syria's economyGMT 14:02 2018 Friday ,12 October
Govt to announce incentives package for Overseas PakistanisGMT 18:26 2018 Saturday ,06 October
Dubai attracts Dh17.7 billion in foreign direct investmentGMT 09:02 2018 Friday ,21 September
Economy of Georgia demonstrates "strong signs of recovery"GMT 09:03 2018 Wednesday ,24 January
German investor confidence surges in JanuaryMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor