Singapore is closely monitoring the external situation and risks to its economy in terms of both growth and inflation. If the situation worsens, the Government will not hesitate to take further actions to protect jobs and help households and businesses cope with increased costs. Finance Minister Lawrence Wong gave that assurance in Parliament on Wednesday (Mar 2).
In his round-up speech on the Budget 2022 debate, he summarised and addressed in detail the key issues raised – whether Singapore is doing enough to sustain recovery and position itself well for the future; why more revenue is needed and are there alternatives to raising GST; and whether the Budget is fair to all Singaporeans.
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