[Bigiron]

Budget 2025 may run generous deficit of up to S$6.6 billion, after FY2024 surplus: economists - The Business Times
https://www.businesstimes.com.sg/singapo...economists

Budget 2025 May Run Generous Deficit of Up to S$6.6 Billion, After FY2024 Surplus: Economists - The Business Times
 
Source: The Business Times, Singapore
 
Publication Date: 2025-02-14
 
Author: Not specified
 
Theme: The article discusses the potential for a generous deficit in the Singapore Budget 2025, following an anticipated surplus in the 2024 financial year.
 
Core Points:
 
- Fiscal Room: Economists anticipate a substantial surplus for the 2024 financial year (FY2024), providing fiscal headroom for Budget 2025.
 
- Deficit Estimates: Estimates for the 2025 Budget deficit range from S$3 billion to S$6.6 billion, according to six banks.
 
- Balanced Budget Requirement: Under the Constitution, Singapore's government is required to maintain a balanced budget over its entire term. The current term began after the 2020 general election (GE) and runs from FY2021 to FY2025.
 
- Previous Financial Years: The government experienced surpluses in FY2021 and FY2022, but a deficit in FY2023.
 
Phenomenon:
 
The article highlights the anticipated fiscal situation in Singapore, where a surplus in one financial year could allow for a deficit in the following year due to the requirement for a balanced budget over the entire government term.
 
Explanation:
 
The article suggests that the projected surplus in FY2024 will act as a "fiscal headroom" for Budget 2025. This means that the government can utilize the surplus from FY2024 to finance a deficit in FY2025 while still maintaining a balanced budget over the entire term.

[Bigiron]

Very worried meaning give chicken wing take back the whole chicken farm

[Ola]

Wah phiang! LW run government like that

Next year, don't know what will increase again

electricity . . . . .tuition fees . . . . .COE . . . .

WHY FTs Levy never increase??