Why an economic-centric focus for Budget 2017 is in order

SINGAPORE (Feb 8): UOB is forecasting an overall budget surplus of $6.7 billion for FY16 -- 0.9% higher than the Singapore government’s estimate of $3.4 billion -- on expectations of higher contributions from corporate and personal income taxes; motor vehicle quota premiums; and GST collections.

This comes in higher than DBS Group Research’s projection of $4.3 billion.

(See also: What to expect of Singapore’s budget & economic strategy in 2017)

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