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More social spending not 'a fiscal drain on economy'

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

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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