The federal budget deficit increased during December, with a $86.7 billion shortfall marking a 33% decline from the previous year. However, the first fiscal quarter deficit rose nearly 40% to $710.9 billion due to rising financing costs, spending growth, and declining tax receipts. Interest on the national debt has reached $308.4 billion in fiscal 2025, with projected financing costs exceeding $1.2 trillion for the year, surpassing previous records.
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Sinkhole-hit Tanjong Katong Road South to progressively reopen from Aug 2
SINGAPORE: Tanjong Katong Road South will gradually reopen starting August 2 after repairs following a sinkhole incident caused by a failed concrete component near a construction site. The Land Transport Authority and PUB confirmed safety through rigorous assessments, while ongoing works will continue in the area to restore utilities. Want More Context? 🔎
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