Economics
Singapore Can’t Sustain Virus Support Measures Forever, PM Says
- City-state mustn’t have solutions that erode self-reliance
- Singapore has pledged about S$100 billion on economic stimulus
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Singapore can’t indefinitely sustain emergency fiscal measures introduced to shield citizens from the coronavirus pandemic’s economic fallout, Prime Minister Lee Hsien Loong said Wednesday.
In his first major parliamentary address since July’s general election, Lee said his government is not ideologically opposed to any solution to the crisis, but that Singapore must make the “best use” of its financial resources to meet the needs of different groups in a targeted manner.