The Central Business District and Marina Bay Financial Centre seen from the Marina Bay Waterfront Promenade. Singapore's approach to budgeting may be considered too conservative, but given the twin challenges of maintaining fiscal sustainability and
Caption: 
The Central Business District and Marina Bay Financial Centre seen from the Marina Bay Waterfront Promenade. Singapore's approach to budgeting may be considered too conservative, but given the twin challenges of maintaining fiscal sustainability and staying tax competitive in the midst of an ageing population, it is probably prudent to continue to be fiscally conservative, says the writer.
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ST FILE PHOTO