, Singapore
Photo by Ruslan Bardash on Unsplash

Gov’t logs $172.9b deficit 

The figure covers the first seven months of the current financial year.

The government recorded a deficit of $172,9b in the first seven months of the current financial year.

The government said it recorded a deficit after taking into account the proceeds of $66.6b received from the issuance of green bonds.

From April to October, the government also posted an expenditure of $413.9b and revenue of $174.4b.

Meanwhile, fiscal reserves stood at $661.9b by the end of October.

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