More social spending not 'a fiscal drain on economy'

It's expected to create jobs and fresh growth areas for Singapore

Thu, Jan 30, 2014 - 11:34 PM

One often overlooked side to social spending by the government is that it creates jobs, as in when facilities such as hospitals need to be built. - FILE PHOTO

[SINGAPORE] The government's clear message that its priorities lie in raising social spending need not be seen purely as a greater fiscal drain on the country's resources, say some analysts and observers.

Rather, they point out that the heavier investment in this regard - be it in the...

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More social spending not 'a fiscal drain on economy'

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More social spending not 'a fiscal drain on economy'

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