You are here

VIRUS OUTBREAK: PARLIAMENTARY DEBATE

Government not ruling out further draw on past reserves: DPM Heng

But in the medium to longer term, the approach is to find new ways to generate growth, such that Singapore can build up its reserves again

nz_hsk_161033.jpg
Mr Heng noted that the projection for this year's GST collection is 14 per cent lower than original estimates, due mainly to travel disruptions and the "circuit-breaker" measures.

Singapore

IF A further draw on past reserves is needed for Covid-19 support, the government is prepared to propose it, said Deputy Prime Minister and Finance Minister Heng Swee Keat in Parliament on Thursday.

And while Singapore's fiscal situation will get tighter, the government...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes