Economists expect smaller but more calibrated Budget in 2021
Next round of support is seen targeted at sectors that continue to need help in pandemic-led recession; continued assistance for lower-income group is also hoped for
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Singapore
BUDGET 2021 is likely to remain expansionary as Singapore's economy moves into the next phase of recovery from its worst-ever recession, although the scale of support is likely to be smaller than that of this year's, according to economists.
This comes as Singapore continues to face short- to mid-term challenges, going into 2021, Alvin Liew, senior economist at UOB said. He added that the pandemic could become worse, especially with the emergence of new virus strains, before vaccines can be widely deployed.
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