Singapore Dips into Rainy Day Fund

Khoon Goh, Head of Asia Research, ANZ Bank

19-Feb-20 07:30

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In yesterday's budget, Singapore unveiled its first budget deficit since the Asian financial crisis recognising how badly Covid-19 has affected the global economy. It may also be a rakyat's budget aimed at easing livelihoods ahead of the general elections which is scheduled to be held sometime this year.

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Categories: Business Analysis, Trends and Forecasts, Markets, Politics, Social Issues, Investments

Tags: Singapore, budget, Covid-19,

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