Support in Budget 2022 anticipated Ukraine fallout: Wong
The finance minister adds that the government has put in a lot more resources and funding to help households cope with the possibility of rising prices
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Singapore
ANTICIPATING an economic fallout from rising tensions in Ukraine, the Singapore government put more resources and funding into Budget 2022 to help households cope with the possibility of inflation, said Finance Minister Lawrence Wong.
"At that time, there was not yet an invasion, but tensions were already rising, and one could already tell potentially that there would be some impact," Wong told a post-Budget roundtable jointly organised by The Straits Times (ST) and The Business Times (BT) and sponsored by UOB.
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