Some analysts are expecting the budget to show the biggest deficit in over a decade.
- Economists at Citi and Maybank expect a virus relief package of at least S$700 million
Singapore's biggest bank DBS predicts a deficit of S$7.9 billion, the highest since at least 2005.
- "The latest coronavirus outbreak has thrown a spanner in the works
- Couple that with an impending general election and the massive accrued surpluses, expectation for the budget is naturally high."
Looks like a few droplets yeah
