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ASEAN Speaks

Singapore Budget 2021

18 Feb 2021

Description

Singapore Budget 2021 was announced on Feb 16 by Deputy Prime Minister Heng Swee Keat. With an overall budget deficit projected at 2.2% of GDP, this estimate is much lower than the consensus median range of 4%. What are the risks of a fiscal cliff and implications on MAS’ FX policy? Are there material changes to Maybank Kim Eng’s investment outlook for the Singapore market?

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