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BUDGET 2016: COMMENTARY

Counter-cyclical & considered

Friday, March 25, 2016 - 05:50

Heng Swee Keat.jpg
Finance Minister Heng Swee Keat's maiden Budget managed to stay true to the spirit of being "prudent" without disregarding a counter-cyclical expansionary stance required to buffer - or at least avoid unnecessary collateral damage from - global economic headwinds.

FINANCE Minister Heng Swee Keat's maiden Budget managed to stay true to the spirit of being "prudent" without disregarding a counter-cyclical expansionary stance required to buffer - or at least avoid unnecessary collateral damage from - global economic headwinds.

At the same time, the

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