SEE: A budget for recovery and beyond
Dubbed ‘Emerging Stronger Together’, Budget 2021 will be delivered by Heng when Parliament sits on Feb 16. “To emerge stronger, we must find new ways to work together, innovate, and transform our economy. We must strengthen our social compact and support one another, especially those with greater needs,” said Heng on the meaning behind the name of the Budget. The upcoming Budget follows the close to $100 million disbursed across five packages in 2020. Yu Liuqing, country analyst at the Economist Intelligence Unit notes that the suite of measures disbursed, were “among the biggest support packages in Asia in terms of the proportion of the GDP”.