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COMMENTARY

Of adequacy and adaptability

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In sharp contrast to most developed economies, financial adequacy, or rather the lack thereof, neither daunts nor defines Singapore's Budget.

IN sharp contrast to most developed economies, financial adequacy, or rather the lack thereof, neither daunts nor defines Singapore's Budget. The fact is, an enviable surplus cushion in the ballpark of S$11 billion-12 billion accumulated since 2011 comfortably offsets a S$6.7 billion budgeted

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