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Daily Archives: 2009-11-09

HDB Annual Report : Deficit has doubled – really?

By Leong Sze hian According to the Housing Development Board’s annual report, the deficit for FY2008/2009 has almost doubled to $2.12 billion from $1.08 billion in FY2007/2008 – due mainly to an increase in Expenditure from $4.25 billion in FY2007/2008 to $5.23 billion in FY2008/2009. I am puzzled by the Income Breakdown chart and table on page 4 of the financial …

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