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What Budget 2017 addressed, and what it didn’t, according to Maybank

Michelle Zhu Published on Wed, Feb 22, 2017 / 11:50 AM GMT+8

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SINGAPORE (Feb 22): Maybank Kim Eng maintains its 2017 gross domestic product (GDP) estimates at 2.5% following the release of the Singapore Budget 2017 on Monday , noting that this year’s Budget is “more conservative than expected”.

(See also: Budget 2017: Singapore aims to boost economic growth, support weak sectors)

In a Tuesday report, analysts Chua Hak Bin and Lee Ju Ye describe the $2.4 billion which the government has committed to set aside to support Committee on the Future Economy (CFE) strategies over the next four years, as “modest” compared to the $4.5 billion allocated to the Industry Transformation Map next year.