Budget 2024 Fiscal Deficit

Budget 2024 Fiscal Deficit. Singapore recorded a government budget deficit equal to 1.60 percent of the country's gross domestic product in 2023. The government has set its fiscal deficit target for fy25 at 5.1% of gdp

Projections at a glance the federal budget the deficit totals $1.6 trillion in fiscal year 2024, grows to $1.8 trillion in 2025, and then returns to $1.6 trillion by 2027. The fy2024 budget will run an overall fiscal surplus as the government seeks to balance supporting households and businesses amid cost concerns, while minimising risks of.