Singapore expects overall FY2011/12 budget surplus of S$100m

Intellasia.net, 21 Feb 2011Singapore expects to post an overall budget surplus of S$100 million for the coming financial year ending March 31, 2012, helped by investment returns of about S$7.8 billion , Finance Minister Tharman Shanmugaratnam said on Friday.The government sees a basic deficit of S$2.2 billion, or about 0.7 percent of gross domestic product, slightly smaller than the FY2010/11