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Singapore is set to release its 2021 budget. Here’s why this budget could be an ‘unusual’ one

SINGAPORE — With the Singapore economy still reeling from the pandemic-induced downturn, analysts expect the government to incur a rare budget deficit at the start of its new term in office.

“This will be unusual as the government typically starts the first year of its new term with a sizeable budget surplus,” economists from brokerage Maybank Kim Eng said in a late-January report. Read from source….