Singapore draws from reserve to lift economy in covid-19 pandemic…

Singapore’s deputy prime minister announced a $48.4B package to support the economy during this covid-19 pandemic. This is on top of the $6.4B earlier announced in the 2020 Budget.

Where is Singapore getting this money from? Mainly from its reserve saved over the years of Budget surpluses. This tiny island state does not have any natural resources and has a unique way of sustenance through prudent governance. Check out this article to understand the details of this unprecedented move….

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