Government may unveil $7.5bn worth of special transfers

The amount is the highest since at least FY2004, beating FY2008's $7.4 billion.

According to OCBC, an overall budget surplus of $0.1 billion may be reported in the FY2011 Budget announcement. It will essentially balance the budget for this term of government, as the government tackles the twin issues of rising inflation and income disparity while balancing the medium-term challenges of raising productivity and economic competitiveness.

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