How Does Singapore Survive economic downturns such as that caused by Coronavirus?

Singapore’s Finance & Deputy Prime Minister just presented the country’s 2020/21 Budget. There were allocations to help every household as well as Budget to help sectors affected by the Coronavirus outbreak. Overall, there will be a deficit. So how is the country going to finance this? The simple answer – using previous budget surpluses and from returns from its sovereign state funds. Check out these articles to understand how a tiny country like Singapore (without natural resources) survives with a financial Arsenal built over the years to tie over trying times like this…..

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