Singapore | Singapore will run its biggest budget deficit since the global financial crisis as Prime Minister Lee Hsien Loong's government pulls out all stops to stimulate an already slowing economy now operating in the shadow of immense uncertainty.
On Tuesday, as Singapore's count of confirmed cases of the COVID-19 virus increased by 4 to 81, Finance Minister Heng Swee Keat delivered a sombre budget speech. "Just as the global economy was beginning to recover, the COVID-19 outbreak hit us," Mr Heng said.
Loading...
Emma Connors was South-east Asia correspondent from October 2019 until mid-2023, based in Jakarta and Singapore. She has previously edited Perspective and Opinion and has written extensively across the AFR and related titles. Connect with Emma on Twitter. Email Emma at emma.connors@nine.com.au
