Canadian Prime Minister Justin Trudeau’s first federal Budget has a clear focus on economic growth, job creation and innovation although includes deficit financing measures, which has led economists to project a decline in income tax revenues.
Singapore’s finance minister Heng Swee Keat paid attention to building stronger enterprises and nurturing innovative industries in the 2016 budget, with an expected overall budget surplus of S$3.4 billion ($1.6 billion) in the first year of the new Government.
