Economics
Singapore Plans More Fiscal Stimulus Next Year to Spur Recovery
- City-state will use next year’s budget to deliver more support
- Fiscal policy is ‘critical’, transport minister Ong says
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Singapore is looking to add to about S$100 billion ($74 billion) of fiscal stimulus to help strengthen an economy expected to still face significant uncertainty next year, a senior official said.
The city-state will use its budget early next year to deliver more support for the trade-reliant economy, Transport Minister Ong Ye Kung told Bloomberg Television’s Haslinda Amin.