‘Never waste a crisis’: Putting Iran war price pressures to good use
If higher fuel and energy prices drive lasting behavioural change, Singapore will be better off in the long run
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SINGAPORE is spending nearly S$1 billion to help households and businesses cope with the impact of the Iran War – but without compromising on its characteristic sensitivity to how prices change behaviour.
If anything, allowing price pressures to bite might be better for the country in the long run.
In Parliament on Tuesday (Apr 7), the government unveiled both new measures and earlier disbursement of previously-announced support, in a move that will require the country’s first supplementary budget since the Covid-19 pandemic.
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