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Wong, the deputy prime minister and finance chief, said the government would roll out measures including S$600 (US$445) in vouchers for each household and rebates to businesses, which would provide “near-term relief” amid inflation and higher operating costs.
Singapore’s budget address on Friday is expected to address the rising costs of living and employment, issues seen as a litmus test for its fourth-generation leaders to prove they can take the city state through an “uncertain era” of geopolitical instability, analysts said.
Ritesh Kumar Singh is founder and chief executive of policy research and advisory company Indonomics Consulting in New Delhi.