Government working on strong Budget that Singapore economy needs: PM Lee

Busan, South Korea

FINANCE Minister Heng Swee Keat and various agencies are working towards preparing a Budget which will be strong, and suitable to the state of the world and what the Singapore economy needs, Prime Minister Lee Hsien Loong told reporters on Tuesday at the conclusion of his five-day visit to South Korea.

He said that with major economies like the US, China and Japan slowing, it is not surprising that the Singapore economy has done so too.

But whether it tips into a recession …