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FORTITUDE BUDGET

Four Budgets may help avert 5 percentage point output loss

They position Singapore to emerge stronger; role of reserves and Republic's fiscal strategy also play key role, says DPM Heng

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While long-term infrastructure might be funded by borrowing, thus sharing costs across the generations that benefit, recurrent spending should be met with recurrent revenues, says Mr Heng.

Singapore

SINGAPORE'S four Budgets this year may help it avoid an annual average output loss of five percentage points or S$23.4 billion, over 2020 and 2021, Deputy Prime Minister and Finance Minister Heng Swee Keat said in Parliament on Friday.

"Our strong response is projected to...

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