Tharman: Govt chose gradual approach to restructuring over "shock treatment"

The Government has chosen to take a phased, gradual approach to economic restructuring rather than apply "shock treatment", Deputy Prime Minister and Finance Minister Tharman Shanmugaratnam said in Parliament on Thursday.

This is a middle way between subsidising business costs across the board and withdrawing government support and letting market forces sort out the winners from the losers, Mr Tharman said in wrapping-up the three-day debate on the Budget.

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