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Budget 2020: Singapore should preserve fiscal buffers to bounce back 'if tide turns against us'

“We are being prudent to preserve fiscal buffers, to ensure that we have the wherewithal to stand our ground and bounce back quickly if the tide turns against us.”

SINGAPORE needs to maintain its fiscal posture and leave enough to deal with unexpected shocks and longer-term challenges, Deputy Prime Minister and Finance Minister Heng Swee Keat said in his Budget speech on Tuesday.

The Constitution requires a balanced Budget over each term of...

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