Support in Budget 2022 anticipated Ukraine fallout: Wong

Singapore

ANTICIPATING an economic fallout from rising tensions in Ukraine, the Singapore government put more resources and funding into Budget 2022 to help households cope with the possibility of inflation, said Finance Minister Lawrence Wong.

"At that time, there was not yet an invasion, but tensions were already rising, and one could already tell potentially that there would be some impact," Wong told a post-Budget roundtable jointly organised by The Straits Times (ST) and The Business Times (BT) and sponsored by UOB.