Budget 2019 could see infrastructure spending and other moves to prop up economy: Report

The 2019 Budget will likely contain a social spending focus, including more details on the Merdeka Generation welfare package for voters born in the 1950s, said analysts.
The 2019 Budget will likely contain a social spending focus, including more details on the Merdeka Generation welfare package for voters born in the 1950s, said analysts.ST PHOTO: KUA CHEE SIONG

SINGAPORE - Fitch Solutions analysts are looking at looser fiscal policy from the Singapore Government in February's Budget, according to a short commentary out on Monday (Jan 21).

Citing an impending global slowdown and the pressure on the Republic's export-driven economy, the report said that rising external downside risks "are likely to prompt policymakers to adopt policies to cushion the economy through domestic-oriented initiatives" such as public infrastructure spending.

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