Singapore Sees Slimmer Budget Deficit, Deputy Prime Minister Says

The video discusses the expected economic deficit of $2 billion or 0.3% of GDP for FY2022. It highlights that the economy has returned to pre-COVID levels but remains in a tight fiscal position, making it unlikely to replenish past reserves.

What is the expected deficit in billions for FY20 22?

How has the economy performed in relation to pre COVID levels?

What fiscal position is the economy currently in?

What is the likelihood of restoring past reserves according to the text?

What does the text imply about the future fiscal strategy?