Budget surplus for 2017 tipped to exceed forecast

Skyline of Singapore's central business district and Chinatown as seen from the Police Cantonment Complex on Feb 22, 2017.
Skyline of Singapore's central business district and Chinatown as seen from the Police Cantonment Complex on Feb 22, 2017.PHOTO: ST FILE

It is Budget Day today, and economists are tipping a bumper Budget surplus for the current 2017 financial year, easily topping the Government's forecast, on the back of a stronger economy.

Expectations differ though on the size of the 2018 financial year's surplus, given a big unknown - whether the widely anticipated goods and services tax hike will materialise.

Finance Minister Heng Swee Keat will deliver this year's Budget in Parliament from 3.30pm today.

Follow it on www.straitstimes. com, and ST's Facebook page and Twitter channel, for live coverage, analyses and video explainers of this year's Budget announcements.

You can also catch a live broadcast of the Budget discussion on Money FM 89.3 at 7pm today.

SEE TOP OF THE NEWS

A version of this article appeared in the print edition of The Straits Times on February 19, 2018, with the headline 'Budget surplus for 2017 tipped to exceed forecast'. Print Edition | Subscribe