Singapore's Budget 2021 expected to be expansionary, despite usual conservative first Budget, say economists | Singapore
Wednesday, 20 Jan 2021 09:06 AM MYT Economists say Budget 2021 will have to be targeted because it will be the first of the new term of government, and such Budgets tend to be conservative, because the Singapore government strives for a balanced budget at the end of each five-year term. ― Reuters pic Subscribe to our Telegram channel for the latest updates on news you need to know. SINGAPORE, Jan 20 — Even though Singapore’s economy is on the mend after weathering the Covid storm, the government will likely run a deficit in Budget 2021, as hard-hit sectors and low-income households sti...