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A bigger Budget deficit next year?
Thu, Jan 29, 2009
The Straits Times

By Fiona Chan

AFTER turning in an eye-popping $15 billion basic Budget deficit this year, the Government may have to run an even bigger shortfall next year.

Revenue looks certain to fall amid less tax being collected, yet ministries will be ramping up their spending to help bolster the economy.

And if the recession turns out to be even longer and deeper than forecast, 2011 might see a fourth deficit in a row, economists said.


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