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Commentary: The heavy lifting needed to get Singapore through the COVID-19 slump

www.channelnewsasia.com

SINGAPORE: The Resilience Budget, coupled with the Unity Budget announced earlier, amounted to a stunning S$55 billion, equivalent to 11 per cent of Singapore’s GDP.

The S$48 billion Resilience Budget was unique in two aspects – it came just five weeks after the Feb 18 announcement of the Unity Budget 2020, and secondly, requires a draw on past reserves to fund it.

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