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SINGAPORE BUDGET 2019: COMMENTARY

Avoiding the Robin Hood trap

WHILE the details may have been far more nuanced, the big picture ideas behind Budget 2019 have been well-flagged. Modestly counter-cyclical in the headline - from a surplus of S$2.1billion (0.4 per cent of GDP) in FY18 to a deficit of S$3.5 billion (0.7 per cent of GDP) in FY19 - and in the

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