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Singapore plans more fiscal stimulus in 2021 to spur recovery: Ong Ye Kung

Bloomberg
Bloomberg10/15/2020 09:39 PM GMT+08  • 2 min read
Singapore plans more fiscal stimulus in 2021 to spur recovery: Ong Ye Kung
“There will be a new budget to be announced early next year -- around February is our timetable," says Ong.
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Singapore is looking to add to about $100 billion of fiscal stimulus to help strengthen an economy expected to still face significant uncertainty next year, a senior official said.

The city-state will use its budget early next year to deliver more support for the trade-reliant economy, Transport Minister Ong Ye Kung told Bloomberg Television’s Haslinda Amin.

“There will be a new budget to be announced early next year -- around February is our timetable -- and definitely you’re going to see more fiscal policies coming into play to help uplift the economy during this time,” he said.

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