Singapore Budget 2021: Maintain prudent fiscal strategy, urges Heng Swee Keat in round-up of debate

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Published Feb 26, 2021

Singapore's Government must maintain a prudent fiscal strategy with a view to the long term, Deputy Prime Minister and Finance Minister Heng Swee Keat told Parliament on Friday (Feb 26). He urged MPs to make responsible choices and acknowledge upfront that more social spending will require more sustainable revenue, from taxes like the GST. Mr Heng also said if COVID-19 worsens, the Government may have to seek a further draw on past reserves to continue funding economic investments for recovery, but it would do its best to make good on the draw. He was speaking in a round-up of a three-day debate on Budget 2021.

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Singapore Budget 2021: Maintain prudent fiscal strategy, urges Heng Swee Keat in round-up of debate

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